Corporations complain constantly about paying taxes to the federal government and the head of Coca-Cola has accused the White House and Congress of setting up a less than friendly atmosphere to sell their product in the USA. Coca-Cola was invented in Georgia in the late 1880s as an elixir.
Five ounces of coca leaves were distilled for each gallon of syrup. It packed quite a kick. Cocaine was removed from the process in 1903, although ‘spent leaves’ remain part of the secret recipe for Coca Cola. Its New Jersey plant is the only factory in America authorized produce cocaine flavoring. The popular soda earned $7.2 billion selling their narcotic mixture. The corporation paid 6.5% on that profit. Company executives disputed those numbers, however according to the Financial Times Coca-Cola has rarely paid more than 2 percent of its yearly U.S. income since 2000.
In contrast Home Depot shelled out 30% of its income to the Feds.
This break isn’t enough for CEO Muhtar Kent.
“In the west, we’re forgetting what really worked 20 years ago. In China and other markets around the world, you see the kind of attention to detail about how business works and how business creates employment.”
Coke’s head is more interested in China as the ultimate buyer of America’s iconic tonic.
Wait until they break the code of the secret recipe.
Good-Bye Coca-Cola, hello China Cola.
It will have cocaine in it too.
This time straight from Medellin.
Yee-Ho for the masses.
Not an opiate, but an up.