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Starbucks Corporation Message Board

  • bvyttn bvyttn Oct 19, 2012 10:11 AM Flag

    Tax liability???

    Good old CNN mentioned that Great Britain is levying a HUGE tax liability on SBUX but I can't find the story anywhere. Is this real because the price sure reflects it.

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    • From what I have read they reported losses in England but England is saying they made profits.

      The company paid no income taxes on revenue of 1.2 billion pounds ($1.94 billion) over the past three years by using intra- company transfers and loans to record a loss for its British business, Reuters reported Oct. 15, citing company filings. There is no suggestion the Seattle-based company has broken the law.

      http://www.businessweek.com/news/2012-10-17/starbucks-should-face-u-dot-k-dot-tax-investigation-lawmaker-says

 
SBUX
54.14-0.35(-0.64%)Feb 8 4:00 PMEST