Monthly Archives: December 2012

Signing off on Starbucks for the year

It’s a busy time of the year what with Christmas events and the draft legislation for Finance Bill 2013 being published. Consequently, I’ve not had as much free time to review all of Starbucks accounts which I’ve scraped together from … Continue reading

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Starbucks 2007 – profitably taxable for HMRC

Yesterday I posted an excerpt from Starbucks Coffee Company (UK) Ltd’s accounts (Starbucks UK) showing that they were making taxable profits. I think it’s worth explaining a few points about this. The fact that Starbucks was described as profitable is … Continue reading

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Proof that Starbucks were profitable for tax purposes

As you can see from the above, the accounts show a loss. However, from the losses utilised and the tax charge, we can calculate what taxable profits were. This is calculated as (utilised losses + tax charge) / 30% (the … Continue reading

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A diagramatic explanation of how Starbucks avoids tax…

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Public Accounts Committee 12/12/12 – uncorrected evidence

House of Commons – Uncorrected Evidence – HC 716-ii I thought I’d upload this pdf as the original on the website isn’t there at present.

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Starbucks 2010 accounts

starbucks-coffee-company-uk-limited (1)

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Starbucks with a triple taxation topping

In response to the press release LexisNexis put out with some of my comments about taxation, Starbucks confirmed that they would only be making amendments for tax purposes in the UK. That is, they won’t take a deduction in calculating … Continue reading

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Starbucks tax unavoidance

I was having a read of Martin Hearson’s blog which links to my slightly deranged post about “surviving the witchhunt”… In my defence, I was in the third hour of being stuck on a train at the time of writing … Continue reading

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Surviving the witch hunt

The term “witchcraft” is getting used a lot in the newspapers at present. The media have determined that there is witchcraft afoot, therefore there must be a witch. Seems logical, except that the media are primarily focused on witches who … Continue reading

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