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

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    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 Seek truth, not confirmation of your opinions VIP

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    $3.3B will pay a lot of legal bills.

    Hopefully they're tax deductible.
     
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  3. chapped

    chapped Well-Known Member

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    I hear they will save money if they buy 4
     
  4. Rocinante

    Rocinante Well-Endowed Member Gold

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    The CFO just jumped into a coke vat at the factory.
     
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  5. chapped

    chapped Well-Known Member

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    Would only improve the quality
     
  6. MilkyDischarge

    MilkyDischarge Proud Schtick POTY 2016 Gold

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    Anyone know what it did to their stock?
     
  7. DrivenByDemons

    DrivenByDemons Spinoff Jesus Staff Member

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    @GE
     
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  8. JameGumb

    JameGumb We're all out of toner!

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

    yosemite sam Camel Jockey

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    This.
     
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  10. johnfreeman1

    johnfreeman1 Well-Known Member

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    Now get Apple to pay their fair share
     
  11. chapped

    chapped Well-Known Member

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    Ummmm sure let me get on that
     
  12. JameGumb

    JameGumb We're all out of toner!

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    Thanks pal :hat:
     
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  13. chapped

    chapped Well-Known Member

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    Twas being sarcastic bro
     
  14. JameGumb

    JameGumb We're all out of toner!

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    I still have faith
     
  15. chapped

    chapped Well-Known Member

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    Let me check under my shoe
     
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  16. EvolvedMarbles

    EvolvedMarbles Well-Known Member

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    Even though there are hardly any commercials on eh-eh-eh

    [​IMG]

    I know of a solution
     
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  17. Turtle Man

    Turtle Man Hello Darling

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    Thanks Obama for stenghtening our irs
     
  18. Ta Ta Toothy

    Ta Ta Toothy Well-Known Member

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    Fuck the IRS.

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

    The Snork VIP Extreme Gold

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    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?
     
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  20. The Snork

    The Snork VIP Extreme Gold

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