Thursday, 13 December 2012

Overpriced

   What price a cup of coffee? There been a lot of discussion this week about large multinational companies like Google, Amazon and Starbucks and their tax avoidance schemes. Whilst none of these schemes are illegal, much has been made about the moral aspects but if you were in the same position, wouldn't you be just as inclined to pay as little tax as possible?
 
    It does however seem a little odd that Starbucks claim to have made no profit whatsoever whilst trading in the UK. During all that time they have employed and paid a large number of people, traded from numerous outlets and been able to pay their shareholders a dividend. Now they have offered to contribute £20,000,000 over the next two years to the Treasury in lieu of taxes. It just crossed my mind that if they can afford to carry on trading here without making a profit and still afford to pay £20m that they don't need to, then surely what they charge for drinks must be a little excessive. So I ask again - what price a cup of coffee?

No comments:

Post a Comment