Subject: Re: Coke may owe $16 billion in taxes
Interesting article that describes Coke transfer pricing its profit out to concentrate manufacturers that they built in countries that have low taxes, such as 1.4%. - Lapsody
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Thanks for the timely posting of this article. I owned KO shares for ten years or so starting around 2001 and did quite well with the dividends on top of a split. KO went through a long period of range bound trading until I finally lost confidence and sold to put that investment elsewhere. I recently added KO to my watch list, but will wait until this issue is settled.
I am about 40% cash (MM) and am quite happy with the 4% - 5% return I have been getting for the last few years but I am developing on a list of candidates for when the Fed starts lowering interest rates.