• This SoftBank-funded startup was founded by a 24-year-old to glam up budget hotels, and it's just launched in the UK

    2 monthes ago - By Chron

    Oyo
    Indian hotel marketplace Oyo has expanded into the UK. It aims to partner with budget British hotels to standardising their decor and service.
    Oyo offers a marketplace of mostly budget hotel rooms via its app, hoping to create a level of standardisation of service and decor at low-cost hotels.
    The company was founded by 24-year-old Indian entrepreneur Ritesh Agarwal, and has raised $450 million to date from investors such as SoftBank's Vision Fund, Lightspeed, and Sequoia.
    Indian startup Oyo has launched in the UK to try and raise the standards of budget hotels across the country.
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  • Starbucks paid just 2.8% in UK tax last year

    Starbucks paid just 2.8% in UK tax last year

    2 monthes ago - By Business Insider

    The European division of Starbucks paid an effective tax rate of 2.8% in the year ending October 2017, after fund transfers between other parts of the business were accounted for, its accounts show.
    The company which has faced criticism in the UK for tax avoidance paid just $5.9 million in tax, from UK profits of $213 million, the Financial Times reported.
    Company profits in the UK before tax more than halved last year to £4.5 million , which Starbucks said was because of “challenging” conditions and reduced consumer confidence.
    The European division of Starbucks paid an effective tax rate...
    Read more ...

     

  • Starbucks paid just 2.8% in UK tax last year

    Starbucks paid just 2.8% in UK tax last year

    2 monthes ago - By Business Insider

    The European division of Starbucks paid an effective tax rate of 2.8% in the year ending October 2017, after fund transfers between other parts of the business were accounted for, its accounts show.
    The company which has faced criticism in the UK for tax avoidance paid just $5.9 million in tax, from UK profits of $213 million, the Financial Times reported.
    Company profits in the UK before tax more than halved last year to £4.5 million , which Starbucks said was because of “challenging” conditions and reduced consumer confidence.
    The European division of Starbucks paid an effective tax rate...
    Read more ...