Special Report: Starbucks's European tax bill disappears down $100 million hole

Comments (11)
americanguy wrote:

Looks like Starbucks forgot they were not in America, where businesses can lie and cheat and get away with it.

Nov 01, 2012 7:16am EDT  --  Report as abuse
moneywon wrote:

There’s a new Apple Inc. in town…

Nov 01, 2012 8:00am EDT  --  Report as abuse
PCScipio wrote:

But, but… corporations are people, my friend.

Nov 01, 2012 9:03am EDT  --  Report as abuse
Lloyd_L wrote:

This is what you get with too much government. The politically well connected (large corporations and labor unions) benefit at the expense of small businesses and their employees;
http://www.youtube.com/watch?v=gSgUENZ9O94

Nov 01, 2012 10:40am EDT  --  Report as abuse
AlkalineState wrote:

Tax form and quarterly report to investors… should be the same form. Allowing companies to run two sets of books invites this breakdown in transparency.

Nov 01, 2012 11:17am EDT  --  Report as abuse
GA_Chris wrote:

This is pretty standard for all companies. Change the rules, it’s simple

Nov 01, 2012 12:59pm EDT  --  Report as abuse
mb56 wrote:

Wealthy individuals and corporations are for the most part massive tax dodgers and have been for decades – it’s well past time to close loop holes and require them to pay their fair share.

Nov 01, 2012 1:46pm EDT  --  Report as abuse
Stickystones wrote:

Tax Evasion 101 and Starbucks knows it. It’s not the tax rate per se, it’s the loopholes! Companies should be made to pay ‘income/Corp. tax’ on profits within a jurisdiction(state/country/nation). It’s totally fair, a company knows going in what will be taxed. Until some politician makes a deal with them and gives them a tax break, deduction, etc.

Nov 01, 2012 3:16pm EDT  --  Report as abuse
drmorocco wrote:

General Electric one of the largest companies in the world did not pay any income tax to the US last year according to CBS 60 Minutes. How fair is that?

Nov 01, 2012 5:40pm EDT  --  Report as abuse
JiminGa wrote:

Interesting…..Euro governments have tax rules (which Starbucks follows) that yield unsatisfactory (to the government) tax revenue. Then the media criticizes Starbucks because they don’t like the result. The answer is tax reform, which would seem to make Starbucks unprofitable in the region , forcing them to close. Which in turn would remove them from the tax roles altogether and eliminate a significant employer. Just like in the US, “fair share” is a business killer.

Nov 03, 2012 6:34am EDT  --  Report as abuse
JiminGa wrote:

Those posting in favor of “fair share” taxation of business seem to be unaware that all corporate tax burdens are passed on to consumers. So Increasing taxes just increases prices. Corporate income taxes are a myth, designed to force companies to collect taxes that would be unpopular if levied directly on people.

Nov 03, 2012 6:39am EDT  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.