Show us the money Starbucks!~

 

Coffee chain Starbucks has given in to pressure from United Kingdom lawmakers, campaigners and consumers and has agreed to pay more UK corporation tax, after a public outcry over how little it pays. Starbucks, along with other multinational companies like Google and Amazon, pays very little tax in Britain, despite making substantial sales there.

 

Managing director of Starbucks UK, Kris Engskov, announced that the company would pay "a significant amount of tax during 2013 and 2014, regardless of whether the company is profitable".The extra taxes could amount to 20 million pounds over the next two years. Starbucks has paid £8.6m in corporation tax in its 14 years of trading in the UK, and for the past three years Starbucks has paid no corporation tax in Britain despite telling investors that the local business was highly profitable, while reporting an actual loss. The company had UK sales of nearly £400m in 2011 but has reported a taxable profit only once in its 15 years of operating in the UK.

 

So even though Starbucks have done nothing illegal - they have behaved immorally; morals are always subjective, but clearly a lot of their former customers are unhappy with their behaviour and have boycotted their stores. In Chapter six, we all studied Corporate Social Responsibility, and even though they claim to be socially responsible, they haven't done their duty of paying taxes like a good global citizen. Much harm is done in the world by people/organizations behaving legally but immorally.

 

Trouble brewing over Starbucks' UK taxes

 

                                   

 

Starbucks has joined the growing roll call of big high street names reportedly paying virtually no tax in the UK

 

 

 

Fun Size iPad~

        

        Last Friday Apple Inc. launched its new iPad mini which attracted many crowds worldwide, from Tokyo to New York. Similar to previous Apple product launches, opening day had people lining up for hours or even days. A few hundred people lined up at Apple’s Fifth Avenue store in New York just days after the city was destroyed by one of the biggest storms to ever hit the United States, Hurricane Sandy. Due to the super storm however Apple had to delay the store’s opening time to 10 a.m. for this launch which was previously 8 a.m. Surprisingly many Asian consumers were excited to get their hands on the 7.9-inch slate. There were massive queues of 200 or more outside Apple stores in Tokyo and Seoul when the device went on sale.

  In attempts to retain premium position, Apple priced their new device at $329 for a WiFi only model. This price is a lot costlier than predicted. Some other competitors include: Amazon’s $199 Kindle Fire and Google’s Nexus 7, both products are priced relatively similar to the iPad. Today, apple reported that it sold three million iPads in the first three days of its launch of the iPad mini and fourth-generation model iPad.

I’m super impressed at Apple’s ingenuity for squeezing the iPad’s basic features into a smaller component that can be easily used on the go. However I do feel that Apple might be losing their creative visionary and they might not be able to continue ahead of the pack. 

                                              

                             Apple- Introducing iPad mini

A beautiful screen, fast and fluid performance, FaceTime and iSight cameras, over 275,000 amazing apps,and 10-hour battery life make iPad mini every inch an iPad.

LINK:

http://www.cnbc.com/id/49652443 

Introduction

Hey ya'll its Jill,

Bubbles is awesome!~

YAY!~