Back on June 5th, we posted an article discussing how many of the largest companies in the world were coming under scrutiny in Europe for allegedly not paying their fair share of taxes. One of those companies, Starbucks, began making payments today. The interesting thing is that it does not owe any of the taxes it is paying. In effect, Starbucks is paying more than it legally and fairly needs to.
In an ironic turn of events, Texas Rangers engaged in an investigation of a McLennan County Tax Assessor-Collector. The county employee was accused of fraudulently avoiding sales tax payments. The investigation occurred due to the prompting of a McLennan County District Attorney, following allegations brought up in an audit. The tax assessor is now facing criminal tax matter proceedings, which could result in severe professional and legal consequences.