COKE – CANADA
June 1st, 2001
BY MONICA DOBIECOCA-COLA Bottling Ltd is being investigated by Canadian tax collectors, which may result in the soft-drinks giant handing over more than $100 million (CND) worth of back taxes, the Toronto Globe and Mail has reported.It has revealed that Canadian tax investigators are examining how Coca-Cola prices the concentrate it uses to produce the drinks and whether the company charged too much to its bottling operations to keep both its Canadian profits and taxes low.The concentrate is made in Puerto Rico where taxes are substantially lower. Charging an ...
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