> Personally I think the tax authorities ought to take the line that a company posting serial losses like this is clearly not a viable, ongoing concern and ought to be wound up.
Tax authorities don't need to do this. Investors will. Where will the money come from? If there's no future prospects, it will cease operations.
> If Starbucks UK is a loss-making venture, they should have some explaining to do when they're opening new branches.
I like how discussion of taxes turned everyone into a fierce defender of profit maximization. Nothing about adding back to the community, paying decent wages, etc.
Tax authorities don't need to do this. Investors will. Where will the money come from? If there's no future prospects, it will cease operations.
> If Starbucks UK is a loss-making venture, they should have some explaining to do when they're opening new branches.
I like how discussion of taxes turned everyone into a fierce defender of profit maximization. Nothing about adding back to the community, paying decent wages, etc.