Brazilian media coverage of new CICTAR Starbucks report

Folha

Folha de São Paulo, the second largest newspaper in Brazil by circulation, reports on CICTAR’s sec0nd report looking into the tax affairs of the giant coffee chain, Starbucks:

‘An international report indicates that Starbucks has expanded, in recent years,a tax planning model that concentrates profits in Switzerland and reduces tax revenue in coffee-producing countries such as Brazil, Colombia,Vietnam, and African nations.

The company says it fully complies with tax laws worldwide…while CICTAR says its Swiss subsidiary inflates domestic prices and shifts profits away from countries like Brazil.

Repórter Brazil has also covered the report, noting that ‘(A)n international study indicates that the coffee chain has a practice of registering its coffee bean purchases in Switzerland, generating profits of 18%, while investment in producing countries like Brazil is considered negligible’.