@jasonward-cictar.bsky.social from @cictar.bsky.social: "There is nothing ethical or fair about Starbucks Swiss Scheme. This appears to be tax dodging plain and simple and steals money needed to fund public services, including those needed by its underpaid US baristas to make ends meet." #IFFs

When questioned about the mark-up being raised from 3% to 18% in 2011, Starbucks claimed that the cost increase was justified by its ‘ethical’ sourcing program but provided no credible evidence of any increase in costs of running the program, let alone a 15% increase. #transferpricing

The report then evidences this tax-related Illicit Financial Flow (IFF), and estimates least $1.3 billion has been diverted via Starbucks’ Swiss subsidiary over the last decade in what they call an instance of major tax avoidance. #taxjustice #taxabuses #taxavoidance #tradeintegrity

The success at #Ffd4 depends on a narrative on the importance of public financing and tackling illicit financial flows. We hope to see language on ending secretive ownership of companies, assets and opening up corporate tax secrecy to the public so we can tackle tax abuses and IFFs #EurodadIC25 3/3

FfD4 is a unique opportunity to strengthen care financing, climate financing, and wider fiscal revolution as there is enough money for the realisation of human rights and environmental sustainability, and we don't need to than rely on private for profit of debt creating financing. 2/3