Does Starbucks Pay Enough Tax? – How and Why We Tax Large Multinational Firms
The 2015 Annual Public Lecture ”Does Starbucks Pay Enough Tax? – How and Why We Tax Large Multinational Firms” will be given by Professor Rachel Griffith.
Due to the popularity of this lecture, the Society has invested again this year in filming and streaming the lecture live through Wavecast to enable viewers to register and view remotely, including taking part in the Q&A session via social media directly to the lecture. School groups have used this in the past to view the lecture in the classroom with the teacher moderating questions to be sent via the interactive link to be put to the lecturer, in this case Professor Rachel Griffith. Alternatively the lecture can be viewed by individuals via a smart phone or other mobile device.
About the lecture
The idea that large multinational firms avoid paying their fair share of taxes by engaging in tax-avoidance activities is pervasive in the public consciousness. The US and UK media regularly report on the activities of individual firms and the taxes they have avoided. There have been public protests over tax avoidance activities, and the Organisation of Economic Cooperation and Development (OECD) has formed a commission to study the issue and made recommendations for reform.
In this lecture Professor Rachel Griffith discusses some of the empirical evidence about the taxes that firms pay on their profits, the avoidance activities they engage in and the implications this has for the government’s ability to collect tax revenue. Surprisingly, there is relatively little evidence that the UK or US lose substantial amounts of tax revenue due to firms’ avoidance activities. This is surprising because it seems that there are ample opportunities for them to do so. Professor Griffith discusses why that might be the case, and some of challenges that governments face in effectively taxing firm profits.
The Annual Public Lecture
This initiative by the RES aims to bring the best communicators in the economics profession into contact with a wide public. Aimed principally at sixth form students of Economics but of interest to everyone, the Annual Public Lectures have become an established part of the senior school calendar as well as the general public.
Find out more and view previous lectures here
Does Starbucks Pay Enough Tax?
Stephanie Flanders, Chief Market Strategist for Europe, J P Morgan Asset Management
Tim Harford, author and FT journalist