Last Updated:2022/12/24
Yet in “Through a Latte, Darkly”, a new study of how Starbucks has largely avoided paying tax in Britain, Edward Kleinbard […] shows that current tax rules make it easy for all sorts of firms to generate what he calls “stateless income”: […]. In Starbucks’s case, the firm has in effect turned the process of making an expensive cup of coffee into intellectual property.
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Yet
in
“Through
a
Latte,
Darkly”,
a
new
study
of
how
Starbucks
has
largely
avoided
paying
tax
in
Britain,
Edward
Kleinbard
[…]
shows
that
current
tax
rules
make
it
easy
for
all
sorts
of
firms
to
generate
what
he
calls
“stateless
income”:
[…].
In
Starbucks’s
case,
the
firm
has
in
effect
turned
the
process
of
making
an
expensive
cup
of
coffee
into
intellectual
property.