Is This The Beginning Of Something More Serious For Starbucks Corporation (NASDAQ:SBUX)?

The times are changing for Starbucks Corporation (NASDAQ:SBUX) - the beloved American coffee chain that is now landing in troubled waters. Problems have started to emerge for the coffee chain overseas with allegations of tax evasion. On the other hand, Mexicans have started a campaign to boycott American firms including Starbucks. This happened after President Trump talked about his idea to build a wall to keep illegal Mexican immigrants out of the country. The times are certainly tough for the company and you must sign up for our free stock alerts to get the latest insights into the market.Troubled Germany and tax evasionsAngela Merkel is unhappy with the multinational corporations evading taxes in Germany. She singled out Starbucks Corporation (NASDAQ:SBUX) and called it out for evading taxes in Germany. Tax avoidance is becoming a major theme in domestic politics and Merkel leveraged this opportunity at the Christian Democratic Union. She said that multinational corporations like Starbucks are exploiting the native chains to evade taxes. The fate of Starbucks can be decided in Germany after the Chancellor explicitly singled out the coffee chain. Subscribe to free stock alerts to know how Starbucks and other are performing.Merkel said, “companies have managed to pay taxes nowhere in the world. Coffee house operators from Germany have to pay their taxes, while it’s not at all clear with Starbucks whether they pay taxes anywhere.” While addressing a gathering at the Grimmen in northern Germany, she also said that she finds this tax evasion incorrect and that they must do something about it.EU’s hot watersThis is not the first time that Starbucks Corporation (NASDAQ:SBUX) has been the talk of the town in EU for all the wrong reasons. Regulators at European Union have been keeping a watch on the company. In 2015, the company was asked to repay about $32 million in taxes to the EU. The company has appealed for the order as well. The Competition Commissioner at EU, Margrethe Vestager has also listed a few companies that are getting illegal state aid. Starbucks was not available for comment but the company could be in a problem. Meanwhile Chancellor Merkel has also suggested that she will be using this issue to seek her fourth term as the top leadership of Germany. Get free stock alerts for latest updates.Mexico-more or lessMexican campaign on social media to boycott American corporations is now spreading like wildfire and Starbucks Corporation (NASDAQ:SBUX) is affected by the same. Remember, Mexicans trended #AdiosStarbucks last week to bid adieu to the company in their country. As Trump is planning to build a wall to keep Mexicans out of the US, Mexicans are protesting and showing their outrage by boycotting American companies. The Seattle based coffee chain is going to be hurt with these efforts. Make sure that you get free stock alerts for Coca Cola, Wal-Mart, McDonald’s, and others who are facing the storm in Mexico.Disclosure: We have no position in SBUX and have not been compensated for this article.