With a wink and a nudge, transactions are often structured to shift profits from high-tax countries to low-tax countries to cut their tax bills. The most popular target for transfer pricing abuse is intangible property, including licenses for manufacturing, distribution, sale, marketing, and promotion of products in overseas markets. Since intangible property doesn't really have a physical home—unlike, say, real estate—it's easy to transfer it to countries that offer certain benefits, including more favorable tax treatment. (That’s what’s in dispute in the Coca-Cola case.)

Ugh

and i bet nobody goes to jail in the end, and ultimately they end up profiting after paying it back

Did you know it doesn’t even have cocaine in it anymore? What a ripoff!

Now do Cargill, Tyson, etc al.

https://12ft.io/proxy?q=https://www.forbes.com/sites/kellyphillipserb/2024/08/06/coca-cola-could-face-16-billion-irs-bill-after-its-tax-court-arguments-fall-flat

Good.

How many people have diabetes because of their Coca-Cola addiction? How many people are overweight and hate their bodies because of all of the non-nutritious sugars they have drank?

And they have the audacity to not only charge several dollars a pop for their sodas, but to also bottle water in the exact same plant and charge the exact same price for the water they have bottled that they do for their sodas.

But the IRS will come after meeee! /s

Is this part of the pay off to Biden's IRS funding increase?

Nail them to the wall.

Which works out to around $29,200,000.00 / DAY in profits, not even total revenue but actual in the pocket profits, for selling sugar water with some flavor additives...