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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
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
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
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.
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
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