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:
    12
    Joined:
    Jan 6, 2012
    Messages:
    55,631
    Likes Received:
    61,915
    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 New phone who dis? VIP

    Reputations:
    64,690
    Joined:
    Jan 16, 2012
    Messages:
    46,172
    Likes Received:
    49,662
    $3.3B will pay a lot of legal bills.

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

    chapped Well-Known Member

    Reputations:
    12
    Joined:
    Jan 6, 2012
    Messages:
    55,631
    Likes Received:
    61,915
    I hear they will save money if they buy 4
     
  4. Rocinante

    Rocinante Well-Endowed Member Gold

    Reputations:
    7,598
    Joined:
    Mar 18, 2012
    Messages:
    4,871
    Likes Received:
    6,159
    The CFO just jumped into a coke vat at the factory.
     
    Dorb likes this.
  5. chapped

    chapped Well-Known Member

    Reputations:
    12
    Joined:
    Jan 6, 2012
    Messages:
    55,631
    Likes Received:
    61,915
    Would only improve the quality
     
  6. MilkyDischarge

    MilkyDischarge The "Fuckin' cockroach infestation!" Gold

    Reputations:
    158,567
    Joined:
    Sep 16, 2013
    Messages:
    17,336
    Likes Received:
    32,730
    Anyone know what it did to their stock?
     
  7. DrivenByDemons

    DrivenByDemons Spinoff Jesus Gold

    Reputations:
    14,059
    Joined:
    Sep 16, 2010
    Messages:
    72,589
    Likes Received:
    45,814
    @GE
     
    TeeDonkey and PI Nate like this.
  8. JameGumb

    JameGumb We're all out of toner!

    Reputations:
    60,360
    Joined:
    Dec 29, 2013
    Messages:
    51,170
    Likes Received:
    40,165

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

    yosemite sam Camel Jockey

    Reputations:
    3
    Joined:
    Apr 20, 2012
    Messages:
    27,340
    Likes Received:
    20,342
    This.
     
    DrivenByDemons likes this.
  10. johnfreeman1

    johnfreeman1 Well-Known Member

    Reputations:
    17
    Joined:
    Feb 14, 2015
    Messages:
    4,268
    Likes Received:
    11,367
    Now get Apple to pay their fair share
     
  11. chapped

    chapped Well-Known Member

    Reputations:
    12
    Joined:
    Jan 6, 2012
    Messages:
    55,631
    Likes Received:
    61,915
    Ummmm sure let me get on that
     
  12. JameGumb

    JameGumb We're all out of toner!

    Reputations:
    60,360
    Joined:
    Dec 29, 2013
    Messages:
    51,170
    Likes Received:
    40,165
    Thanks pal :hat:
     
    Shortwave98 likes this.
  13. chapped

    chapped Well-Known Member

    Reputations:
    12
    Joined:
    Jan 6, 2012
    Messages:
    55,631
    Likes Received:
    61,915
    Twas being sarcastic bro
     
  14. JameGumb

    JameGumb We're all out of toner!

    Reputations:
    60,360
    Joined:
    Dec 29, 2013
    Messages:
    51,170
    Likes Received:
    40,165
    I still have faith
     
  15. chapped

    chapped Well-Known Member

    Reputations:
    12
    Joined:
    Jan 6, 2012
    Messages:
    55,631
    Likes Received:
    61,915
    Let me check under my shoe
     
    rabbigottfried likes this.
  16. EvolvedMarbles

    EvolvedMarbles Well-Known Member

    Reputations:
    1,812
    Joined:
    Feb 22, 2014
    Messages:
    2,005
    Likes Received:
    3,412
    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:
    13,163
    Joined:
    Dec 18, 2011
    Messages:
    10,741
    Likes Received:
    15,082
    Thanks Obama for stenghtening our irs
     
  18. Ta Ta Toothy

    Ta Ta Toothy Well-Known Member

    Reputations:
    9,831
    Joined:
    Jun 25, 2014
    Messages:
    3,932
    Likes Received:
    13,404
    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:
    25,701
    Joined:
    Nov 3, 2012
    Messages:
    8,311
    Likes Received:
    13,430
    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:
    25,701
    Joined:
    Nov 3, 2012
    Messages:
    8,311
    Likes Received:
    13,430

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