Tuesday, October 16, 2012

Starbucks

Try going into a Starbucks and refusing to pay for your coffee. My guess is that you would soon find the long arm of the law on your shoulder. They would not tolerate anything so thoroughly dishonest.

However, although Starbucks have been regularly telling their investors that the UK business is highly profitable, they have been telling the taxman a different story. Reuters has compared Starbucks' two versions of events thus: "To its investors, it sells an espresso - strong and vibrant. The UK taxman gets a watered-down Americano." Indeed they have been legitimately claiming that their business in the UK shows a loss while raking in massive profits.

Household names like Starbucks and most famously Vodafone have been using accounting trickery which would get them labelled scroungers if they were unemployed or disabled.

But have no fear. Liberal Democrat Danny Alexander boasted that he intended to recruit a hundred more Revenue men to crack down on tax evasion. What he did not boast about was the fact that 1500 Revenue men and women have been sacked since this government was elected. This is taking disingenuous mendacity to an Olympic standard.

Derek McMillan
Mid-Sussex Socialist Party





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