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Coca-Cola Taxes (sh.itjust.works)

submitted 4 months ago* (last edited 4 months ago) by [email protected] to c/[email protected]

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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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[–] SirQuackTheDuck 9 points 4 months ago (1 children)

And cut wages at the bottom end of the employment ladder, gotta safeguard that C-suite bonus

[–] [email protected] 7 points 4 months ago* (last edited 4 months ago)

The CFO, who originally manufactured the tax dodge and got a bonus for doing so, will now have to work out a "restructuring" strategy (IE, cut wages and layoffs) to cover for the increased tax burden... Which will earn them another bonus.

Edit: I don't know that any of this is true