A decade-long dispute between Coca-Cola and the US tax authorities has escalated to the point that the company could owe $16bn in back taxes, enough to wipe out a year and a half of profits, with the figure rising by more than $1bn a year.
“And why does their profitability dwarf that of the Coca-Cola Company, which owns the intangibles upon which the company’s profitability depends?” The tax treatment of its concentrate manufacturers has been a running sore between Coke and the IRS for decades. A similar dispute was settled in 1996 by reallocating some of the subsidiaries’ previous profits to the US parent company, based on a formula hashed out by negotiators.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: