Seeking Alpha

Coca-Cola knows it's good to know the King

  • Coca-Cola (KO -0.2%) has a nice little arrangement in Swaziland where it has secured a tax rate of 6.5% by maintaining a friendly relationship with King Mswati III.
  • The official tax rate in the nation is 27.5%.
  • The company's ability to negotiate favorable rates in Swaziland is due to its powerful clout in the country with local factories accounting for close to 10% of overall GDP.
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