Thursday, February 20, 2020

Case study of (Starbucks has not paid The UK corporation tax 2012)

Of (Starbucks has not paid The UK corporation tax 2012) - Case Study Example According to this theory, an organisation is part of the society in which it operates (Benoit, 2000). An organisation, therefore, is supposed to adhere to certain, explicit or implicit, norms and values. The voluntary disclosures therefore are seen as biased because they are influenced by the interaction of the firm and that particular society. This theory, therefore, emphasizes that the vehicle for voluntary disclosure and the information disclosed be analyzed in context of the society in which the organisation operates (Benoit, 1995). Closely related to the system oriented theories is the legitimacy theory. This theory states that the organisation derives its legitimacy from the society in which it operates. Therefore, the society has a multitude of implicit and explicit expectations on the organisation which the organisation should not forego. A firm can only be seen as legitimate if its status, condition or operations are in sync with the society’s expectations. The societ y supports legitimate businesses (Islam and Deegan, 2010). One of the ways to legitimize a business is by making voluntary disclosures for the benefit of the society. ... This theory states that when a crisis becomes a threat a reputation-conscious organisation will always respond to save its image, identity or reputation by voluntarily releasing information that directly counters that which is eroding its reputation. This theory proposes a wide variety of measures to be taken including excuses, justification, denial and apologies (Freeman, 1984). The Case Context Starbucks is the second largest restaurant chain globally after McDonalds. It is valued at $40 billion. The company has many units distributed across the globe and the focus of this literature will be the UK unit. In the year ending September 30th 2012 the company’s UK unit recorded a loss in its operations consequently failing to pay the corporate income tax for the third year in a row (Bergin, 2012). The information was first released by Reuters who asserted that even though the company was recording losses, its management was still declaring it as a viable undertaking with lessons to be emulated by other firms and branches. This mixed information to investors and the taxman brewed a crisis with the esteemed customers with the British government accusing Starbucks of tax evasion (Neville, 2012). Data In its 14 years of operations in the UK, Starbucks had never recorded a profit; this is despite making sales of over $4.8 billion (3 billion UK pounds). According to Her Majesty Revenue and Customs authority, Starbucks had failed to declare any profits during its entire period in operation in the UK managing to pay only 8.6 million UK pounds in 14 years. McDonalds, its main rival, managed to pay as corporate income tax of 80 million UK pounds from its 3.6 billion worth of sales in the UK market and the third largest

Tuesday, February 4, 2020

Television in the Modern Media System Essay Example | Topics and Well Written Essays - 1250 words

Television in the Modern Media System - Essay Example As a matter of fact, in this rapidly-evolving world where media has spread across the globe, issues that come with media’s operations should be extensively documented. Here, the point of your argumentative claim becomes relevant. Your type of support includes reason and emotion. Hence, in order to raise the persuasive ability of your article, the intensity of emotion and the clarity of reasoning need to be maximized. In fact, the actual body of the article contains some points worth discussion. The first statement of paragraph 10 is perhaps the most vivid expression of your stance. I would like to appreciate this since you made a clear claim about your argument here; you mentioned how media has become an omnipresent activity and parents are helpless when it comes to monitoring sexual exposure towards children. The benefit of this is that most readers are not fully attentive throughout the whole reading process, so the writing must possess simple straightforward expressions of your principle idea. If one fails to do that, the reader might not be able to understand your point of view and your idea might be camouflaged by wordy expressions and complex structuring. Therefore, it is highly critical to organize and outline the viewpoint, especially in argumentative essays (Writing Position Papers). Often, you have used research statistics and figures to support your claim. You have mentioned research findings of the American population, which is reasonable since your audience is American; however, there feels a slight insufficiency of supporting statistics in your writing. This is because when one writes about an issue concerning the whole society and people, regardless of demographics, there needs to be a substantial amount of information to notify the scale of the issue and also to support one’s claims.Â