For the last five years, Starbucks, just like other tax dodgers, hasn't paid any corporation tax in the UK. Despite claiming it still doesn't need to -- because it operates at a loss in Blighty apparently -- it's trying to buy you and the government off with a £5m tax donation.
Feeling the burning fire of hate from legions of Britons, as well as being labelled as "immoral" by MPs, Starbucks relented releasing a statement:
"We felt that our customers should not have to wait for us to become profitable before we started paying UK corporation tax. We listened to our customers in December and so decided to forgo certain deductions which would make us liable to pay £10m in corporation tax this year and a further £10m in 2014. We have now paid £5m and will pay the remaining £5m later this year."
So, George Osborne has another £5 mill now, and £10 million in total to play with this year. I wonder whether Amazon and Google will follow suit and attempt to tread the goody-two-shoes line too? I doubt it. Anyway, has Starbucks' act of good faith bought your love again? Or are you still going to boycott the decidedly average caffeine dealer? [The Register]
Image credit: Tramp from Shutterstock