Wednesday, 17 October 2012

Starbucks


With effect from today, I'm switching over to Starbucks. I don't rate their coffee highly, but hey I'm no connoisseur. I never did care where my 8 AM kick comes from. I'm gonna have to now. 

This mindless vilification of companies that pay the highest business rates in the land, millions in national insurance, collect and administer millions in VAT on behalf of the government, and employ thousands will mainly hurt pension funds and small investors.

Agreed, there'll be some 'big boys' with a large holding, but to get at them we'll be screwing over a lot more people; a bit like cutting your nose to spite your face. 


PLUS, the lower the corporation tax, the higher the dividend, which in turn means higher personal taxes. 


A significant number of Starbucks stores are franchise stores - businesses owned by what you would consider the 'little guy'. This witch hunt will decimate their tiny little enterprises and affect their employees in ways you never intended.


Corporation tax is immoral. Period.
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