IRS to Coke....Fuck you pay me

Discussion in 'The Howard Stern Show' started by chapped, Sep 19, 2015.

  1. chapped

    chapped Well-Known Member

    Reputations:
    3
    Joined:
    Jan 6, 2012
    Messages:
    55,631
    Likes Received:
    61,912
    About fucking time these cunt companies paid their taxes. ....


    Coca-Cola was notified by the IRS that it owes $3.3 billion more in federal taxes, as well as interest, for 2007 to 2009, the company said. The Atlanta-based company said in a regulatory filing it believes the assessments from the Internal Revenue Service are without merit and plans to pursue "all administrative and judicial remedies necessary to resolve the matter

    The maker of Sprite, Dasani, Powerade and other drinks says the disagreement is over how much it should report as taxable income in the U.S., in relation with licensing that allows foreign affiliates to sell products like soft drink concentrates to bottlers overseas.


    It's a tax issue that comes up frequently for multinational companies, said Robert Willens, president of a tax accounting consultancy in New York. He said companies tend to charge foreign subsidiaries low licensing fees as a way to shift reportable income away from the U.S., where corporate tax rates are higher. Willens said the cases are often settled for a fraction of the assessment.

    "They hardly ever get to court, because neither party wants to experience the hazards of litigation," he said.

    In a filing with the Securities and Exchange Commission, Coca-Cola said it has used the same methodology for determining its taxable U.S. income for nearly 30 years.

    "The IRS now seeks to depart from this long-standing practice in order to increase substantially the amount of tax," the company said.
     
  2. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

    Reputations:
    14,812
    Joined:
    Jan 16, 2012
    Messages:
    40,999
    Likes Received:
    42,353
    $3.3B will pay a lot of legal bills.

    Hopefully they're tax deductible.
     
    chapped likes this.
  3. chapped

    chapped Well-Known Member

    Reputations:
    3
    Joined:
    Jan 6, 2012
    Messages:
    55,631
    Likes Received:
    61,912
    I hear they will save money if they buy 4
     
  4. Rocinante

    Rocinante Well-Endowed Member Gold

    Reputations:
    1,617
    Joined:
    Mar 18, 2012
    Messages:
    4,180
    Likes Received:
    4,933
    The CFO just jumped into a coke vat at the factory.
     
    Dorb likes this.
  5. chapped

    chapped Well-Known Member

    Reputations:
    3
    Joined:
    Jan 6, 2012
    Messages:
    55,631
    Likes Received:
    61,912
    Would only improve the quality
     
  6. MilkyDischarge

    MilkyDischarge Proud Schtick POTY 2016 Gold

    Reputations:
    21,775
    Joined:
    Sep 16, 2013
    Messages:
    11,522
    Likes Received:
    21,027
    Anyone know what it did to their stock?
     
  7. DrivenByDemons

    DrivenByDemons Spinoff Jesus Staff Member

    Reputations:
    1,533
    Joined:
    Sep 16, 2010
    Messages:
    70,917
    Likes Received:
    43,208
    @GE
     
    TeeDonkey and PI Nate like this.
  8. JameGumb

    JameGumb We're all out of toner!

    Reputations:
    27,679
    Joined:
    Dec 29, 2013
    Messages:
    43,051
    Likes Received:
    33,171

    Hey tell that midget Tony to come over to the bar. TIA
     
    Shortwave98 likes this.
  9. yosemite sam

    yosemite sam Camel Jockey

    Reputations:
    0
    Joined:
    Apr 20, 2012
    Messages:
    27,340
    Likes Received:
    20,341
    This.
     
    DrivenByDemons likes this.
  10. johnfreeman1

    johnfreeman1 Well-Known Member

    Reputations:
    5
    Joined:
    Feb 14, 2015
    Messages:
    4,268
    Likes Received:
    11,363
    Now get Apple to pay their fair share
     
  11. chapped

    chapped Well-Known Member

    Reputations:
    3
    Joined:
    Jan 6, 2012
    Messages:
    55,631
    Likes Received:
    61,912
    Ummmm sure let me get on that
     
  12. JameGumb

    JameGumb We're all out of toner!

    Reputations:
    27,679
    Joined:
    Dec 29, 2013
    Messages:
    43,051
    Likes Received:
    33,171
    Thanks pal :hat:
     
    Shortwave98 likes this.
  13. chapped

    chapped Well-Known Member

    Reputations:
    3
    Joined:
    Jan 6, 2012
    Messages:
    55,631
    Likes Received:
    61,912
    Twas being sarcastic bro
     
  14. JameGumb

    JameGumb We're all out of toner!

    Reputations:
    27,679
    Joined:
    Dec 29, 2013
    Messages:
    43,051
    Likes Received:
    33,171
    I still have faith
     
  15. chapped

    chapped Well-Known Member

    Reputations:
    3
    Joined:
    Jan 6, 2012
    Messages:
    55,631
    Likes Received:
    61,912
    Let me check under my shoe
     
    rabbigottfried likes this.
  16. EvolvedMarbles

    EvolvedMarbles Well-Known Member

    Reputations:
    180
    Joined:
    Feb 22, 2014
    Messages:
    1,757
    Likes Received:
    3,018
    Even though there are hardly any commercials on eh-eh-eh

    [​IMG]

    I know of a solution
     
    MadWoman777 likes this.
  17. Turtle Man

    Turtle Man Hello Darling

    Reputations:
    11,174
    Joined:
    Dec 18, 2011
    Messages:
    10,602
    Likes Received:
    14,669
    Thanks Obama for stenghtening our irs
     
  18. Ta Ta Toothy

    Ta Ta Toothy Well-Known Member

    Reputations:
    1,074
    Joined:
    Jun 25, 2014
    Messages:
    3,349
    Likes Received:
    11,755
    Fuck the IRS.

    First candidate that promises to dismantle that most criminal system gets my vote.
     
  19. The Snork

    The Snork VIP Extreme Gold

    Reputations:
    14,124
    Joined:
    Nov 3, 2012
    Messages:
    6,890
    Likes Received:
    11,011
    If a company is operating a plant outside us borders and selling outside us borders and the money isn't repatriated i don't see how the IRS has a case.

    The other interesting thing here is that Warren Buffet owns a substantial amount of Coca Cola, about 9%. Isn't he LIKETHIS with the Obama admin?
     
    newcastlefan likes this.
  20. The Snork

    The Snork VIP Extreme Gold

    Reputations:
    14,124
    Joined:
    Nov 3, 2012
    Messages:
    6,890
    Likes Received:
    11,011

    Hmmm big corporations vs. the IRS ... who should I root for.