Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Tuesday, September 22, 2015

Coca-Cola To IRS: We Don't Plan To Pay $3.3-Billion Tax Bill

NEW YORK -- Coca-Cola says it was notified by the IRS that it owes $3.3 billion U.S. more in federal taxes, as well as interest, for 2007 to 2009.

The Atlanta-based company says in a regulatory filing Friday that it believe the assessments 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 of the money it makes from licensing products overseas should be considered be considered taxable income in the U.S.

Coca-Cola Co. says it was notified that a recommendation has been made to the IRS's chief counsel that the matter be designated for litigation.

Original Article
Source: huffingtonpost.ca/
Author: AP
Topics: , , , , ,

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