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Monday, December 03, 2012

Starbucks and the art of tax-dodging

Vince Cable criticises Starbucks over 'tax dodging' | Politics | The Guardian: "ince Cable described Starbucks as "tax dodgers" on Monday and said he could understand why people are boycotting their 700 British outlets, in the latest ministerial intervention in the row over multinational avoidance schemes.

The business secretary, when asked by the Guardian if he would consider boycotting their products, said: "I don't shop at Starbucks so this doesn't apply to me, but I can fully understand why people would vote with their feet as a result of their tax dodging."

Cable's strongly worded intervention came after parliament's spending watchdog, the public accounts committee, said HMRC was "way too lenient" on companies that use clever accounting tricks to pay very little or no tax. It condemned tax avoidance techniques used by the coffee company, as well as Amazon and Google."

'via Blog this'

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