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Coca-Cola Taxes (sh.itjust.works)
submitted 4 weeks ago* (last edited 4 weeks ago) by ModerateImprovement@sh.itjust.works to c/whitepeopletwitter@sh.itjust.works
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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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[-] Sea_Foam_Green@lemmy.world 19 points 4 weeks ago

They’ll just…raise prices to offset the judgment.

[-] SirQuackTheDuck@lemmy.world 9 points 4 weeks ago

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

[-] towerful@programming.dev 7 points 4 weeks ago* (last edited 4 weeks 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

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this post was submitted on 14 Aug 2024
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