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guyton

Profile Information

Name: Jim Guyton
Gender: Male
Hometown: Ventura, CA
Home country: USA
Current location: Nederland, Colorado
Member since: Sun Oct 15, 2006, 03:45 PM
Number of posts: 776

About Me

Grumpy old fart.

Journal Archives

Quantum Starbucks -- how UK Starbucks can be profitable and non-profitable at the same time

Looks like Starbucks has taken a page from quantum mechanics. It tells investors one thing (UK operations are doing well and making a profit) and the opposite to the tax man (UK operations have been losing money every year).

http://www.reuters.com/article/2012/10/15/us-britain-starbucks-tax-idUSBRE89E0EX20121015

Amazing doublespeak and nonsense, all in the name of hiding from taxes.
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