The Coca-Cola vice president voiced suspicious transfer pricing in VN

Mr Irial Finan - Vice President of Coca-Cola and Mr. Clyde C.Tuggle globe - vice president, external affairs director for the group has accepted to answer questions about the media's hot Coca-Cola VN holes but first investment, whether the transfer pricing ...

From left to right: Mr. Clyde C.Tuggle - vice president, director of external relations and
 Mr. Irial Finan - Vice President of Coca-Cola global
Mr. Clyde C. Tuggle said: "One of our goals when to VN this time to seek advice businesses become socially responsible. 127 We have been trading in over 200 markets. As a business, just Other businesses, Coca-Cola's goal is to create profit.'s true that in many other markets, our profit is very high. And may question why the VN is not like that. I that success can only be defined initially create anchors in a market for sustainable development. way we are doing in VN is for infrastructure investment, brands, creating consumer love to label effect. It takes years rather than a few years. "

- Why Coca-Cola VN loss but invest up to $ 300 million in VN?
 
Mr. Clyde C. Tuggle: Financially, we can not claim profits in VN. With the investment is made, the current ways of doing business, Coca-Cola VN will get out of this and be profitable in the coming years. There are many markets for profits only after 3-4 years, but the market will take many years, even 20 years to be profitable. As the market success of Coca-Cola is now actually 25 years without a profit. We must be like to be successful today. We believe that if you always do right, to create community confidence they will succeed.

Mr Irial Finan: And why is investment, because we believe in the potential in VN. With markets carbonated soft drinks, new VN in early development. And beliefs about our profit typically only when we create a large scale. Scale that can only be generated from new investment. We are confident that with a bigger platform, Coca-Cola VN will succeed in VN.

- So never expected profits Coca-Cola VN? With new investments of $ 300 million, the Group has sufficient pressure to Coca-Cola VN start looking earnings?

Mr Irial Finan: Yes. I also hope you know that. Yes, $ 200 million investment could have said it. The problem is the need to build a platform, such as brand and infrastructure to ensure success. Maybe a few years we will be profitable in VN.
 
- A few years ago, he could say specifically when?
 
Mr Irial Finan: Everyone wants to find definitive answers, but as a business, we were looking for scale. Our business depends on the health of the economy. We are proud that in any other country we also adhere to local laws. This means we must be transparent about the business and pay taxes. In all countries, the Coca-Cola profits are taxed.

- How do you think the public opinion in VN for Coca-Cola that is not transparent, transfer pricing to avoid high tax rates in VN?

Mr Irial Finan: VN in fact we pretty much taxpayer. There are usually four big tax line is business income, VAT, import tax and personal income tax. We not only have the ability to pay income tax because the business is not profitable, and the other taxes we paid. Certainly when we return to corporate income taxes. Importance of prestigious brands in the country is very large, we also do not want to damage the brand. From the perspective of doing business, when it comes to making long-term, can not understand why we have to do something indecent?

- Communication VN has accused the transfer price. During a visit to VN this time, two days in discussions with officials VN, officials have stated that this issue is not, how does?

Mr Irial Finan: I'm not going into that discussion, it's very straightforward. I do not understand why Coca-Cola moved the issue to be raised prices. We always adhere to, not only in VN but elsewhere in the world. Meet VN government officials, they expressed interest in hearing business plan in VN, and we wish them success.

Mr. Clyde C. Tuggle: We confirmed the company Coca-Cola VN transfer pricing and would not stop here, do not talk anymore. In meetings with government officials VN past, we have received advice from the Government of VN is Coca-Cola doing to better communication. Maybe we have not done enough work that should have allegations of transfer pricing. Brand Coca-Cola is evaluated to 80 billion dollars, the most expensive main brands in the world. We took 127 years for such labeling. Why can we lose it for a second? We know everything can be destroyed if we do not comply with state law better.

- The G8 countries also raise the issue of transfer pricing and that should be linked, tax on sales of multinational corporations. What do you think about this proposal? Coca-Cola has proposed research about this?

Mr. Clyde C. Tuggle: None. To be able to tax the world, the world must have a centralized government, a global tax authorities. That's just theory.


- He says proud to have created employment for over 2,000 workers VN. Can you open labor costs, wages for staff VN?

Mr Irial Finan: There are many positions, so you can make some preparation. Ask other companies how they answer. There are many ways of wages. For many countries, they often gather in a group of companies. The Coca-Cola Company team is ranked, we always paid to employees in groups from the top 50% above average.