Merkel Takes on Starbucks in Bashing Over Unfair Tax Practices – Bloomberg

Chancellor Angela Merkel decried unfair tax advantages for multinational corporations, singling out U.S. coffee chain Starbucks Corp. as a tax rogue that exploits global arrangements at the expense of German chains.At a meeting of Merkel’s Christian Democratic Union in her home district on the Baltic Sea coast, the chancellor sounded off against companies that engage in tax avoidance, hitting a theme that’s been taken up across the political spectrum. Many companies “have managed to pay taxes nowhere in the world,” Merkel said, before laying into the Seattle-based coffee chain.Angela Merkel at the CDU meeting on Jan. 28.Photographer: Stefan Sauer/picture-alliance/dpa/AP Images

Source: Merkel Takes on Starbucks in Bashing Over Unfair Tax Practices – Bloomberg

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