Coca-Cola fined $3.3 billion for defrauding Americans out of tax money while buying off state GMO-labeling elections

‘Recently, Coca-Cola made a disclosure that most Americans heard nothing about, even though it affects nearly everyone.

Tucked into a corporate filing, the company announced that it would be paying $3.3 billion in back taxes to the U.S. government – money the government uses to fund everything from national defense to, ironically, the people charged with collecting Coca-Cola’s back taxes.

The reason for the tax, according to the company filing, is for the company’s allegedly inappropriate use of transfer pricing in order to shift tangible property out of the U.S. and into low-tax havens around the world.’

Read more: Coca-Cola fined $3.3 billion for defrauding Americans out of tax money while buying off state GMO-labeling elections

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