Date: Friday 07 Dec 2012
Starbucks has taken the 'unprecedented' step of pledging to pay 20m pounds corporation tax, even if it makes no profit – only for the move to appear to backfire and fuel the fiasco surrounding its UK operation. In a bid to end the pressure on the coffee chain, the US giant dramatically broke off talks with HM Revenue & Customs (HMRC) to offer to “pay or pre-pay somewhere in the range of £10m in each of the next two years”. Starbucks has paid just 8.5m pounds corporation tax in 14 years, despite UK sales of 3bn pounds – a tax rate of less than 1pc. [The Telegraph]
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| Currency | UK Pounds |
| Share Price | 0.35p |
| Change Today | 0.000p |
| % Change | 0.00 % |
| 52 Week High | 0.38 |
| 52 Week Low | 0.30 |
| Volume | 0 |
| Shares Issued | 40.08m |
| Market Cap | £0.14m |
| RiskGrade | 132 |
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| Income | ![]() |
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| No dividends found |
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