Starbucks likely avoided taxes on $1.3 billion in profit using a Swiss subsidiary, a new report finds
1. Starbucks saved taxes using a Swiss subsidiary to book $1.3 billion in profits. 2. The strategy matches trends among companies utilizing tax havens for savings. 3. Starbucks maintains its image of social responsibility despite tax strategies. 4. SCTC charged higher prices on green coffee beans with higher profit margins. 5. US firms average 3.9% tax in Switzerland compared to the 21% US rate.