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Coca-Cola Taxes (sh.itjust.works)

submitted 2 months ago* (last edited 2 months ago) by [email protected] to c/[email protected]

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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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[–] [email protected] 3 points 2 months ago (2 children)

For this to be criminal it'd probably require intent to be proven which is difficult without a "smoking gun" of an email being like "do this to avoid taxes or be fired"- CEO. For it just to be civil fines is a lot simpler to show. Their inevitable appeal and potential reduction in fine is a different issue.

[–] [email protected] 4 points 2 months ago

Of course they have intent. That's not an issue at all. They're trying to avoid taxes, which is in itself legal, and they aren't denying that. Their theory is that the IRS is doing the math wrong.

[–] [email protected] 1 points 2 months ago

Which is hilarious because ignorance is not a defence for poor people.