In an "interesting" move, designed to assuage its customers and mollify its critics, Starbucks has decreed that tax is in fact voluntary and has decided to pay some (£5M now and £5M later this year).
As per the BBC, a Starbucks spokesman said:
"We listened to our customers in December and so decided to forgo certain deductions which would make us liable to pay £10m in corporation tax this year and a further £10m in 2014."Margaret Hodge has reportedly welcomed the initial payment.
Meanwhile, in other news, Starbucks will be closing unprofitable stores.
Presumably the increased tax revenue received by the Treasury from Starbucks will be used to pay for the job seekers' allowances of those made redundant by Starbucks?
Tax does have to be taxing.
Professional Cover Against the Threat of Costly TAX and VAT Investigations
Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.
Ken Frost has negotiated a 10% discount on any polices that may suit your needs.
However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.
What is Solar Tax Investigation Insurance?
Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.
To find out more, please use this link Solar Tax Investigation Insurance
HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"