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Coca-Cola Taxes (sh.itjust.works)

submitted 2 months ago* (last edited 2 months ago) by ModerateImprovement to c/whitepeopletwitter

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https://mastodon.social/@MEActNOW/112956139620337300

News: https://www.forbes.com/sites/kellyphillipserb/2024/08/06/coca-cola-could-face-16-billion-irs-bill-after-its-tax-court-arguments-fall-flat/

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[–] [email protected] 72 points 2 months ago* (last edited 2 months ago) (9 children)

Fun fact, these back taxes are higher than the share value of the entire company (~$11bn market cap).

Edit: I was misled by this site. The cap is much larger, and my fact was not fun.

[–] [email protected] 26 points 2 months ago (1 children)

But it's only back taxes on profits we know about

[–] [email protected] 14 points 2 months ago (1 children)

Sure, it might be prudent to always assume any reported white collar crimes are at least one order of magnitude greater than we get to know. That said, I was really impressed with their stock ticker company description blurb where they strive to "honor God" in all their works.

[–] [email protected] 6 points 2 months ago

Assuming they're referring to the Christian God, a selfish, emotionally unstable mega toddler, their behavior would be appropriate.

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