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theguardian.com
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Starbucks UK Posts £35 Million Loss, Pays No Corporation Tax
Starbucks's UK retail arm reported a £35 million loss for the year to 29 September 2024, resulting in zero corporation tax, despite £525.6 million in sales, due to £40 million in royalty payments to its parent company amidst economic challenges, a consumer boycott, and increased competition.
Starbucks UK Posts £35 Million Loss, Pays No Corporation Tax
Starbucks's UK retail arm reported a £35 million loss for the year to 29 September 2024, resulting in zero corporation tax, despite £525.6 million in sales, due to £40 million in royalty payments to its parent company amidst economic challenges, a consumer boycott, and increased competition.
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