you're ignoring the 20% VAT on those 3bn sales, which provided 600m tax revenue. Why is it so important that they paid 7m in corporate tax instead of any other amount?
Their business apparently has high cost of sales (like stores, personnel etc.), where by the way also taxes occur, e.g. for wages...
So I suggest to think twice if you want to paint the picture that Starbucks does not contribute it's fair share to taxes in the UK.
maybe I missed it, but I could not find anything substantial regarding the more recent years. Most points are about accounting interpretations in the years up to 2020 when Tesla finances still were weak...
What did I miss about any issues with current accounting malpractices?
I wish it were that simple... even if everyone tried to "collaborate" to produce the same product, there would still be some competition somewhere, at least for ideas. somehow the final products to be made need to be decided upon and the other won't be made. That also means, that somehow the people overseeing the final products have more power than the ones that were not chosen by whatever process is in place to make those decisions...
It really has not been proven, that there is a more effective organisational form for this competition better than capital allocation using markets with a lot of freedom.
For your case or "cross-generational" pensions where the young pay for the pensions of the old: That worked well while the baby boomers were working. This may go sour when the baby boomers retire and the numbers of their first and second generation of offspring decline... Even worse: if they have made the economy, tax and debt burden for those offspring so bad, they can barely buy their own home.
> (a) they find it hard to raise capital (b) they tend to make decisions that maximize worker welfare rather than profit
at the end a company needs to be financially successful and for this it needs to provide competitive products and services. Otherwise, they'll just be replaced.
There of course may be a chance they'll get replaced by another employee owned company, but the odds of a free-capital owned company replacing them are probably bigger as they have more freedom to make the right decisions to become successful.
Also imagine your pension would just depend on the odds of the company you have been working for a live long, because you just cannot invest into other companies because they are only owned by employees.
I saw them through the telescope. In the 11" I could see them through the eyepiece and on the 6" it was on the cam captures. I checked e.g. with Stellarium
I actually do think that whoever becomes the next president has huge implications for all tech companies in the US and even abroad. E.g. the whole issue of AI regulation, UBI in case we get to AGI / SI soon, all sorts of tax issues etc. depend on it, not to mention that the president appoints a lot of judges...
I recently started playing with some telescopes. Long-term exposures especially of areas with a bigger angle like nebulas had quite often a starlink trail in it...
while aligning the telescope to some stars I could see the satellites quite often
So I suggest to think twice if you want to paint the picture that Starbucks does not contribute it's fair share to taxes in the UK.