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Author: Lapsody 🐝  😊 😞
Number: of 48467 
Subject: Coke may owe $16 billion in taxes
Date: 08/13/2024 10:11 AM
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No. of Recommendations: 8
Interesting article that describes Coke transfer pricing its profit out to concentrate manufacturers that they built in countries that have low taxes, such as 1.4%. To no have it hit the books all the lawyer's have to say is they'll likely win on appeal.

I recognize the technique. I think we should come to an agreement with these companies on how much total profit they are going to report in the US. I mean this is a hugely profitable market and if they want access to the market they should pay the freight. This should be agreed upon by both Republicans and Democrats as necessary to limit the manipulation of our government. We're going to be manipulated some, but evidently we can be manipulated heavily enough that we look like an oligarchy.

Archived for your reading:
https://archive.is/90Lrp
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Author: EchotaSheeple   😊 😞
Number: of 48467 
Subject: Re: Coke may owe $16 billion in taxes
Date: 08/13/2024 11:06 AM
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No. of Recommendations: 1
Good.

Warren Buffett wants to pay taxes - this will be one of the few times he has to.

Woke Coke? PAY UP! (Love Coke, for the record but love them to pay up too)
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Author: bighairymike   😊 😞
Number: of 48467 
Subject: Re: Coke may owe $16 billion in taxes
Date: 08/13/2024 11:12 AM
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Interesting article that describes Coke transfer pricing its profit out to concentrate manufacturers that they built in countries that have low taxes, such as 1.4%. - Lapsody

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Thanks for the timely posting of this article. I owned KO shares for ten years or so starting around 2001 and did quite well with the dividends on top of a split. KO went through a long period of range bound trading until I finally lost confidence and sold to put that investment elsewhere. I recently added KO to my watch list, but will wait until this issue is settled.

I am about 40% cash (MM) and am quite happy with the 4% - 5% return I have been getting for the last few years but I am developing on a list of candidates for when the Fed starts lowering interest rates.
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