British Lawmakers Are Taking Starbucks to Task for Tax Dodging

[emsimon33]

Our government needs to hold several U.S. companies accountable for their fair taxes:

"A Parliamentary committee will grill top executives from Amazon, Google and Starbucks on Monday about exactly how and why the companies have managed to pay appallingly low tax rates in the UK."

...

"We already basically know how companies like Starbucks dodge taxes. They simply set up headquarters in Ireland or the Netherlands, two countries with uniquely low corporate tax rates and just route all of the cash through those offices. It's a strategy known as the "double Irish" or the "Dutch sandwich." Sometimes they even create separate companies for the sole purpose of bringing their taxes down. ..."

Article available at

http://news.yahoo.com/british-lawmakers-taking-starbucks-task-tax-dodging-020820753--finance.html

[Nye Bevan]

1. If this is illegal, they should be prosecuted.

If it is legal, the lawmakers need to change the laws. I don't blame corporations for reducing their taxes by any LEGAL means at their disposal. Indeed, they owe their shareholders the duty to do this.

[kelliekat44]

2. It seems a corporate family value in the US to evade paying taxes so we export the value abroad also

Look what that kind of civic behavior has gotten Greece.

[Angry Dragon]

3. The Willard tax plan