BrainKing - Discussion boards (Politics)

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Politics

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5. December 2012, 17:03:48

Mort

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Subject: Re: StarBUCKS

The Col: ... How are they doing it now.....It transferred some money to a Dutch sister company in royalty payments, bought coffee beans from Switzerland and paid high interest rates to borrow from other parts of the business.

It's decided not to use some of these as a method to reduce it tax liability, so far on it's royalty payments to the Dutch company.

HMRC (revenue and customs) is to get £77 million extra, which it thinks can help recoup £2 billion a year in tax lost through avoidance......

... imo, cut through the bull and give the HMRC twice that. The return would probably be in the £3.5 billion plus zone.