US coffee retailer Starbucks and the financing arm of Italian carmaker Fiat must repay several million of euros in illegal tax advantages. The ruling is part of an EU clampdown on corporate tax avoidance. EU Competition Commissioner Margrethe Vestager announced Wednesday that tax rulings which “artificially reduce a company’s tax burden” were illegal because they …
By Ahmed Tharwat Howard Schultz is the CEO of Starbucks, a coffee company that as he describes it, “is a third place away from home and work where Americans can come and enjoy drinking a good cup of coffee sitting down”. Before Starbucks, Americans usually drank coffee on the run and everyone drank the same …
The report on Sunday stated the price of a Beijing latte as CNY 27 ($4.42), compared with CNY 24.25 ($3.97) in London, CNY 19.98 ($3.26) in Chicago and CNY 14.6 ($2.39) in Mumbai.
