• 0 Posts
  • 31 Comments
Joined 1 year ago
cake
Cake day: July 22nd, 2023

help-circle
  • The company routinely shifted production of concentrate to countries with favourable tax rates

    Manufacturing is different than IP transfers.

    the US parent company that owns the iconic brands. By controlling how much the subsidiaries must pay other parts of the Coke network for use of the brands and marketing, and by setting the prices they can charge bottlers, Coke itself in effect decided their profitability, the court heard

    IP is owned by the US. What they’re describing is transfer pricing. Subsidiaries are owned by coke hence by definition coke sets the prices under which the US charges for their IP. It’s tax advantageous to charge a low amount to shift profits to low tax jurisdictions.

    Numbers look massive but overall not large enough. Coke is gigantic and the dispute spans multiple years. The IRS hasn’t always covered themselves in glory and they may still fumble a technical aspect on the burden of proof.

    Interesting to see it unfold but coke has a history of environmental, business and humane malpractices. This is just another outcome of such business model.


  • h_ramus@lemm.eetoPeople Twitter@sh.itjust.worksCoca-Cola Taxes
    link
    fedilink
    arrow-up
    2
    arrow-down
    4
    ·
    9 days ago

    The intangible property for coke is a secret recipe that is preserved in some vault in the US. There’s no transfer of IP here and that’s not what’s in dispute.

    The facts are centred around the profitability of concentrate producers that earn the super profits. Operating entities and the US makes a slim margin.

    You can read a better informed analysis here.







  • h_ramus@lemm.eetoLinux@lemmy.mlDell is so frustrating
    link
    fedilink
    arrow-up
    10
    ·
    edit-2
    5 months ago

    Bought a Yoga Pro 7 7840HS 32GB 1TB. Everything works fine in Linux. Battery does 8-10h on full charge, good build quality, no issues with any parts. Running EndeavourOS after had some minor issues with Manjaro, WiFi connecting 1 minute after booting and some weird disconnects after a while. No such thing in EndeavourOS.

    Running idle with minimum brightness, Bluetooth off, WiFi connected and keyboard backlight turned off consumes minimum 3.6W. Got it less than $900 around 4 months ago.





  • Thanks for explaining. It’s interesting and outside metadata there could be a case for data being secure. However, this is the same company that lied and got fined in the EU when they asserted that they wouldn’t be able to link WhatsApp and Facebook identities. This allowed the merger to happen. Security and privacy being something that the average Joe doesn’t care that much, it wouldn’t be too much of a negative impact when they already have so much bad press on other matters. Finally, from an ethical perspective, I’ll give this corp a miss. Values don’t really align with my personal ones even if privacy and security were beyond reproach.



  • Thanks. I stand corrected. I was one of those that paid $1 for life when WhatsApp was a new kid on there block but haven’t used it since news broke that Facebook acquired them like a decade ago. At the time, you had a new phone, your messages would transfer. Dunno how it is today after all those years but seems to be similar to Signal.

    Based on the stories coming up on Facebook and their lack of moral / humane boundaries I still won’t trust them not to have access to a private key when their app is so invasive. Their whole model is based on behind the curtain trafficking.