The Cost Of Starbucks' Tax Avoidance

Published in Investing Strategy on 6 December 2012

Two Fools discuss the shares of Starbucks (SBUX), Amazon (AMZN) and Google (GOOG).

Starbucks (NASDAQ: SBUX.US) 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 UK 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 (NASDAQ: GOOG.US) and Amazon.com (NASDAQ: AMZN.US) being accused of paying too little tax in the UK?

If you want to avoid plummeting shares, The Motley Fool's special free report about market-beating investor Neil Woodford and his favourite dividend shares should help. It takes a look at some of ace investor Woodford's major holdings, and he has consistently beaten the FTSE. Just click here to discover Mr Woodford's current income portfolio.

Click below to watch Chris and Sam's video

Video

> Neither Chris nor Sam own shares in any of the companies mentioned. The Motley Fool owns shares in Google.

Share & subscribe

Comments

The opinions expressed here are those of the individual writers and are not representative of The Motley Fool. If you spot any comments that are unsuitable hit the flag to alert our moderators.

 

There are no comments yet - why not be the first?

Join the conversation

Please take note - some tags have changed.

Line breaks are converted automatically.

You may use the following tags in your post: [b]bolded text[/b], [i]italicised text[/i]. All other tags will be removed from your post.

If you want to add a link, please ensure you type it as http://www.fool.co.uk as opposed to www.fool.co.uk.

Hello stranger

To add your own comment, please login.

Not yet registered? Register now.