Starbucks

By : Forum Member
Published 17th October 2012 |
Read latest comment - 3rd November 2012

How or more to the point why does the HMRC continually allow companies such as Starbucks to avoid paying their due taxes? How is it possible for a company to trade in nearly every town across the UK at a loss, avoid paying any corporation tax, yet still manage to pay dividends to shareholders? Companies such as Starbucks will have far fewer problems raising money from a bank which have been bankrolled by the UK taxpayer than a small business that actually does pay all it's taxes.... It stinks to high heaven and the more of these large companies that hit the headlines about how they avoid tax, the more I'm convinced HMRC is involved in helping them.... There are just far to many of them nowadays for it not to be so...

Thanks,
Barney
Comments
I think it stinks

"Two parliamentary committees are due to question tax officials about how Starbucks has been able to avoid paying tax on

Steve Richardson
Gaffer of My Local Services
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I would love to know how a business continues to trade, whilst it's declaring losing millions of pounds, small businesses go to the wall for making a loss of a few thousand....mainly down to the continuous harassment from the HMRC. I think there should be a level playing field across the board. Maybe there should be an investigation into the HMRC's working practices, on the one hand you have business secretary's and the Pm saying the Government are helping small businesses no mention of the grief that they will have to deal with through HMRC. At the moment every organisation in this country with a little bit of power comes across to the layman in the street as being rotten to the core and corrupt.... I sometimes wake up in the morning and think whats the point, it's just one big constant battle, what confuses me even more is why people still want to come to this country....

Thanks,
Barney

forum avatarJackD
23rd October 2012 12:27 PM
I say its wrong, its like hammering smaller companies with taxes and letting go the market players. This is wrong for the small entrepreneurs that they do the tax paying and bigger fishes like Starbucks enjoy heavy profits without paying tax!

JackD

I say its wrong, its like hammering smaller companies with taxes and letting go the market players. This is wrong for the small entrepreneurs that they do the tax paying and bigger fishes like Starbucks enjoy heavy profits without paying tax!

Nah.....I don't think its as straight and simple as you make it to be. There are infact a lot of complexities involved in taxing. Both have to pay, but when your returns are higher you just end up paying more. Hence, the need to avoid taxes then.
there was this couple I knew who started their own business, initially were very law adhering and all that. But as business picked the taxes were going almost higher than their profits and so they had to start avoiding it.

alicemenezes

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