Starbucks paid no 2012 tax
June 29 , 2013
As per accounts, Starbucks hasn’t paid any tax over the past twelve months till end of September and has reported its fifteenth straight annual loss at its stores in UK.
Documents illustrate a loss of £30 million, as the company faces tough economic conditions as well as a competitive coffee market in UK. Starbucks recently paid £5m to UK for its first payment of the 2013 tax bill.