Business as usual...

   / Business as usual... #2  
   / Business as usual... #3  
Believe Coca-Cola or the IRS? No contest, Coca Cola hands down.

'...the disagreement was over how much it should report as taxable income in the United States in relation with licensing that allows its foreign affiliates to sell products overseas."​

This administration has had multi-national companies in their sights for a long time. They want to get their hands on the profits made off shore. Instructions must have gone out to the IRS to review the tax returns of these companies.
 
   / Business as usual... #4  
And then we wonder why businesses move their home base overseas. :confused:
 
   / Business as usual...
  • Thread Starter
#5  
And then we wonder why businesses move their home base overseas. :confused:


That's funny! :D

Its EXACTLY why they do...to avoid paying US taxes

"The Coca-Cola brand has been scrutinized by tax officials. Earlier this year, three of Coca-Cola's bottlers -- Coca-Cola Enterprises, Coca-Cola Iberian Partners, and Germany's Coca-Cola Erfrischungsgetranke -- merged their operations into a new Western European bottling company called Coca-Cola European Partners. Thanks to that move, Coca-Cola Enterprises can reduce its exposure to U.S. taxes by moving its headquarters from Atlanta to London."

Read more: Coca-Cola Might Owe the IRS $3.3 Billion (KO,CCE) Coca-Cola Might Owe the IRS $3.3 Billion (KO,CCE)
Follow us: Investopedia on Facebook
 

Tractor & Equipment Auctions

2017 Harley-Davidson FLHTP Police Electra Glide Motorcycle (A49461)
2017...
2014 Dodge Ram 5500 4x4 Bucket Truck with Altec AT40M - 45FT Boom, Jib Winch and Utility Bed (A51039)
2014 Dodge Ram...
2016 Ford F-450 Crew Cab Knapheide Service Truck (A49461)
2016 Ford F-450...
1982 MACK RD685S HOTOILER (A50854)
1982 MACK RD685S...
PALLET OF FUSION EQUIPMENT (A50854)
PALLET OF FUSION...
2001 INTERNATIONAL 4700 (INOPERABLE) (A50854)
2001 INTERNATIONAL...
 
Top