Don’t Blame Starbucks

20 10 2012

Category; Finance, Law, Media, Politics

Schiuma

It’s easy to get worked into a schiuma by the revelation that Starbucks hasn’t managed to pay any corporation tax in the UK since 2009 – click here for report. Big turnover is, apparently, eaten away by expensive licensing royalties to an overseas subsidiary (Holland) of the Starbucks parent company, expensive beans bought from another overseas subsidiary (Switzerland) and then roasted by yet another overseas subsidiary (Holland).

Politicians and journalists are gleefully calling for a boycott of the company that doesn’t ‘pay it’s share’see here and here. But it’s very simple. Read the rest of this entry »

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