Starbucks Inequalities

Topics: Tax, United States, Corporation Pages: 1 (463 words) Published: February 24, 2013
* U.S. Income Inequality Worse Now than In 1774: Study Believe it or not; income inequality in the United States is worse today than it was back in 1774. That’s what a recent report from the National Bureau of Economic Research has found. In “American Incomes 1774 to 1860,” authors Peter H. Lindert and Jeffrey G. Williamson argue that the American colonies were exceptionally egalitarian, compared to both other nations at the time and the U.S. today. ( * Memo to Starbucks: paying corporation tax is not like making a gift to charity After years of what looks like blatant tax avoidance to ensure almost no tax has been paid in this country what Starbucks seem to be doing for the sake of PR is asking if they can make a small tax contribution in future as if paying tax was the same as dropping a fiver into the church collection at Christmas and hoping that’s enough to preserve your options on a route into heaven for the next year. I sincerely hope H M Revenue & Customs tell Starbucks that paying corporation tax in the UK is not a voluntary charitable donations box arrangement when it comes to multinational corporations and that nothing less than paying the full tax owing will do.  ( * Starbucks: your tax questions answered

Starbucks has had sales of £3bn cumulatively since setting up operations in the UK 14 years ago. But with nearly 800 stores across the country, it is still making a loss. How come? Here, your burning Starbucks/tax questions are answered … Any other reasons for Starbucks's low tax bill?  ( ) * Tax: Starbucks in talks with UK's Revenue and Customs...
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