The Cost of Starbucks' Tax Avoidance
LONDON -- Starbucks has hit the headlines recently for tax avoidance. Although it has not acted illegally, the British public reacted by voting with their feet and boycotting the chain. This -- and not due to any pressure from the U.K. government, as politicians have admitted -- has led the American company to open talks with tax authorities about paying more tax, in line with others such as Whitbread's Costa Coffee. So how has the market reacted to Starbucks' unwanted headlines, and what about Google and Amazon.com being accused of paying too little tax in the U.K.?
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The article The Cost of Starbucks' Tax Avoidance originally appeared on Fool.com.Neither Chris nor Sam own shares in any of the companies mentioned. The Motley Fool owns shares in Google. The Motley Fool owns shares of Amazon.com, Google, and Starbucks and has the following options: short JAN 2013 $47.00 puts on Starbucks. Motley Fool newsletter services recommend Amazon.com, Google, and Starbucks.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.