New CICTAR Starbucks report covered by Folha de São Paulo

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.