{"id":18000,"date":"2012-11-01T15:05:19","date_gmt":"2012-11-01T15:05:19","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=18000"},"modified":"2012-11-01T15:05:19","modified_gmt":"2012-11-01T15:05:19","slug":"starbucks-admit-they-tell-investors-one-story-and-tax-authorities-another-please-reconcile-that-with-corporate-social-responsibility","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/11\/01\/starbucks-admit-they-tell-investors-one-story-and-tax-authorities-another-please-reconcile-that-with-corporate-social-responsibility\/","title":{"rendered":"Starbucks admit they tell investors one story and tax authorities another. Please reconcile that with corporate social responsibility"},"content":{"rendered":"<p>Reuters has put out <a href=\"http:\/\/www.reuters.com\/article\/2012\/11\/01\/us-starbucks-tax-europe-idUSBRE8A00DP20121101\" target=\"_blank\">another Starbucks tax story<\/a>.<\/p>\n<p>Their special report out today has the title \"Starbucks's European tax bill disappears down $100 million hole\". It\u00a0shows that Starbucks's company accounts in Germany and France employed the same tactics there that Reuters recently showed it has used in the UK: reporting losses to the taxman while boasting healthy cashflows to investors.<\/p>\n<p>Starbucks told investors its European businesses made a $40 million profit in 2011, but accounts filed for its UK, German, and French units, which make up 90 percent of European revenues, showed a loss of $60 million.<\/p>\n<p>Starbucks Chief Financial Officer Troy Alstead said the company simply used a different measure of profit when reporting its performance to investors and when filing its tax returns.<\/p>\n<p>So, who are they telling the truth to, the investors or the tax authorities? Answers, written in the froth of a cappuccino please, would be welcome.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters has put out another Starbucks tax story. Their special report out today has the title &#8220;Starbucks&#8217;s European tax bill disappears down $100 million hole&#8221;.<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/11\/01\/starbucks-admit-they-tell-investors-one-story-and-tax-authorities-another-please-reconcile-that-with-corporate-social-responsibility\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-18000","post","type-post","status-publish","format-standard","hentry","category-tax-avoidance"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/18000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=18000"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/18000\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=18000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=18000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=18000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}