A couple of weeks ago I had intended on giving coffee up and going on a detox but am yet to start it.
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I was out and about in London the last 2 days and because of the recent stink about Starbucks' avoidance of corporation tax in the UK, I boycotted them. On both occasions the convenient nearest alternative: Costa, was where I ended up. Turns out I am happy about that. One: because it tastes better, I promise you, and two: because they are a British company (which you'd never guess from the name) and as a result, pay substantially more tax, as they can't move it all around the globe like Starbucks does. Having worked for a subsidiary that was part of a Group company that had 58 arms, I can recognise the international accounting techniques that Starbucks have used. Yes they are nothing out of the ordinary and not illegal, but we were always advised to show a profit and pay tax where and when we could, otherwise HMR&C would be on to us. Starbucks clearly aren't worried about that. I guess my reason for boycotting them, is that the profit made is so substantial, that to pay NIL corporation tax - since 2009 - and only
Yahoo compares Costa and Starbucks for us:
For example, Starbucks' UK sales reached £398 million last year, yet it paid zero corporation tax in 2011. On the other hand, Costa Coffee - owned by FTSE 100 member Whitbread - turned over £377 million and paid £15 million in corporation tax on this smaller sum.So Starbucks has paid no corporation tax since 2009, but what have they paid since they arrived on these shores:
What's more, despite UK sales totalling £3 billion since 1998, the giant US corporation paid just £8.6 million in corporation tax in 14 years.I am sorry, but if you have ever worked in an area densely populated by Starbucks, like Liverpool Street, you will see every office worker with a Starbucks in their hand. It does not seem ethical that our pounds are going to them, only so that it all goes overseas. I know they provide jobs, and those working people provide the government with PAYE, but again it is always the little guy taking the burden!
Anyway, until I start my detox it will be Costa all the way for me!
What do you think? or do you not care?
Funny to hear that they arrived in 1998, as I knew it was relatively recent... only 14 years... I remember, like yesterday, the product placement they did in Austin Powers, and when I saw it I said "Who are they?"
I'll leave you with this article on ft.com which is interesting.