{"id":27675,"date":"2015-02-05T07:41:43","date_gmt":"2015-02-05T07:41:43","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=27675"},"modified":"2015-02-05T07:41:39","modified_gmt":"2015-02-05T07:41:39","slug":"no-one-believes-starbucks","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/02\/05\/no-one-believes-starbucks\/","title":{"rendered":"No one believes Starbucks"},"content":{"rendered":"<p>Starbucks <a href=\"http:\/\/www.theguardian.com\/business\/2015\/feb\/04\/starbucks-first-uk-profits\">says it has made a profi<\/a>t in the UK for the first time.<\/p>\n<p>And it is implying that it has paid the &pound;20 million of tax that it said it would voluntarily pay when the subject of enquiry by the Public Accounts Committee in 2012.<\/p>\n<p>But no one knows whether to believe them. and there is good reason for that: they have not published the data to prove their case.<\/p>\n<p>I wonder how long it will be before business realises that there is no point them saying something without the evidence to back it up?&nbsp;The only evidence that would&nbsp;work in this case is full country-by-country accounts. Nothing less will do.&nbsp;<\/p>\n<p>Publish the UK alone and we will just, quite reasonably,&nbsp;assume that some profit shifting&nbsp;from elsewhere has gone on.<\/p>\n<p>Publish anything less than data for every country and the same would be true.<\/p>\n<p>If business wants to be believed it has to publish its accounts, in full, for every place where it trades.<\/p>\n<p>Starbucks is not doing that, by a very long way. In that case why should anyone believe what they are saying?&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starbucks says it has made a profit in the UK for the first time. And it is implying that it has paid the &pound;20 million<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/02\/05\/no-one-believes-starbucks\/\"><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":[35],"tags":[],"class_list":["post-27675","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/27675","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=27675"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/27675\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=27675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=27675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=27675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}