Starbucks may be investigated by UK tax authorities for tax avoidance of US $1.93 billion
On the evening of October 17, Beijing time, Starbucks may face an investigation by the British tax authorities. The move comes after a senior member of Congress called for an investigation into how Starbucks has been able to avoid paying 1.2 billion pounds ($1.93 billion) in taxes since 2009.
Starbucks had previously told investors that its UK division was highly profitable, but it also told the UK authorities that its UK division was losing money and therefore did not bear any taxes, Reuters reported. Members of Congress say this undermines public trust in the tax system.
Margaret Hodge, chairman of the Public accounts Committee (PAC), said the UK tax authorities should investigate Starbucks tax avoidance. She is expected to ask questions about Starbucks next month.
However, there is no evidence that Starbucks has been engaged in any form of misconduct.
(responsible Editor: Leo)
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Coffee cultivation has become Peru's main source of economic income.
In 2011, Peruvian coffee exports reached US $1.56 billion, with specialty coffee accounting for 25 per cent of total coffee exports, while organic coffee accounted for 80 per cent of specialty coffee and fair trade and eco-friendly coffee accounted for 20 per cent. The export of organic coffee has great potential for growth and will help Peru achieve greater economic and social development. At present, Peru's specialty coffee export ranks third in the world, ranking in Colombia.
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Verne coffee opens up the Chinese market with an original alliance model
A few days ago, the world-renowned French style coffee shop chain brand Verne (Verne coffee) China operation center, with its original headquarters 300,000 advance support, 2 years of wholly owned buyback store cooperation model, caused widespread concern inside and outside the industry. Verne coffee originated in France, a romantic place, and is the global French coffee generation.
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