- 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.
Coca-Cola knows it's good to know the King
Nov 19 2013, 13:16 ET