And you are here why?

via  @hq1aerosol

Lisa Pollack explains Internatinal Transfer Pricing (with particular reference to the ongoing saga of Starbucks in the U.K. ) via that famed mouthpiece - Mr. Potato Head. Oh, you do know about whats going on with Starbucks in the U.K., right?  For those who haven't been following the sordid saga, the (extremely) short version is that despite having been in business in the U.K. for 14 years, and making around £400 million/year, they've paid a grand total of £8.6M. Over 14 years .  They get away with it because they do fun stuff like royalties paid to Starbucks Netherlands, coffee purchased from Starbucks Switzerland, and no doubt " Because International Finance ". This is actually a bit more than forum shopping - its basically moving finance widgets around the global chessboard which can be done for good or for evil - and thats what is called Transfer Pricing .  And this is where Mister Potato Head comes in.  I've excerpted the article below - go read the...