Starbucks agrees to pay more corporation tax

that ^^
worldwide
now

Don't forget. G.E. and starbucks fund the MSM outlet called MSNBC.

Zbigniew Brzezinski has a show called "Morning Joe" which advertises itself as "A wake up call for movers and shakers"

BOOM! Exactly what I thought when I read the headline...

starbucks and their competitors only seem to employ eastern europeans anyway

too 'kin right.
Never mind 'agreeing' they should be paying the BACK tax they have SWINDLED by setting profits gained in one country against losses in another.

It should be 'if they don't have to pay, I certainly shouldn't.'

What Starbucks does is takes profit and rolls it back in to stock options they give every single employee for free. These stock options take 5 years to vest. This money is not counted as profit and not taxed as payroll either because if the employee quits before the vestment date the option is reabsorbed. If they employee does cash the option in after 5 years they have to pay taxes on it at that point.

basically Starbucks has found a way to keep profit and reinvest it to bump their own stock prices and if the employee quits then that is more stock that the company is now in control of, this is how Starbucks keeps there stocks artificially high. This is why they HAVE to keep opening more stores at any cost.

If you work at Starbucks for ten years you’re going to walk away with 15k + in stocks as a gift and leave another 15k unvested in the company’s pocket.

Last Edited by Chrit on 12/06/2012 02:14 PM

Kris Engskov, managing director of Starbucks UK, announced that the company would pay "a significant amount of tax during 2013 and 2014, regardless of whether the company is profitable".

One tax expert described the move as "unprecedented". The Expert also said that small businesses, which are also Employers, should take an example here and make lucid decisions around profitability and tax donations.

Kris Engskov went further and said, “Yes, I am a spokesperson for Starbucks, but why would I Manipulate the truth around Starbuck’s balance sheet….Do munchkins lie? …With those funny ears and wide innocent eyes? NO! he said…coffee and social responsibility can mix like coffee and milky vegetable oil, but only after 2012.”

Last Edited by Lips Of Lucifer on 12/06/2012 02:20 PM

I like Scooters better..but that is just me..but really what business is it of yours if these folks choose Starbucks over dinner? Honestly it really is their choice to make.

competitive with who? They are number 1 even with high prices. Why should they change.

Walmart does the same thing..at least with management.

Thats right, blame the rich just like Obama said.

I wonder if you drink soda?

Pfft, only hope is too bow down to our corporate overlords. Just need to starve the beast long enough so the government can be out of the way and we can live in a privatized corporate utopia. What could go wrong??

It's not $5 for a Starbux espresso. I can get a double or even triple for $2 or 2.50.

If you want one of those fancy drinks with whipped cream, syrups, etc. that can be expensive. But I just drink straight espresso with some sugar. Add half and half if I want to simulate a cappuccino.

Is Mickey D's cheaper than that?

So in other words, they pay that money to employees. Sounds like a good corporate citizen to me.

If the employee leaves before vesting and the stock goes back to the company, I would think the company would have to recognize that income at that point, and it would be taxable.

But that isn't happening much because the employees aren't leaving. So they are super employers, we should thank them rather than shit on them!

I do. I can't imagine a world with corner green grocers and local butchers buying local products or a local coffee shop serving real cream on their splendid latte's, and serving cakes made with flower instead of soya derivatives...Where would one find those chemically enhanced burgers with the fake cheese toppings? If I'm going to pay for a massive stroke I want it to come from the guys who know how to sell a blocked artery...or it gets boring...no more fun Mc Dee Ads...fucking doom I tell you!

Coke is it!!!