Huge Profit Stokes Concerns over Starbucks’ Tax Practices in Europe

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www.wsj.com – Starbucks Corp. is going through the grinder in Europe.

The world’s biggest coffee chain has raised suspicions among regulators and local governments by reporting losses in its biggest European markets for years despite recording hundreds of millions of dollars in annual sales.

Last year, as European Union regulators opened a formal investigation, a profit materialized: €407 million ($446.6 million), reported by the company’s European head office in Amsterdam. The coffee chain has since moved its headquarters to London.

Read more about Starbucks’ Tax practices in Europe.

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