Diageo plc (ADR) (NYSE:DEO)
CAPS Rating:
The Company is engaged in the premium drinks business with a collection of international brands.
The Company is engaged in the premium drinks business with a collection of international brands.
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What can I say about a company that makes a billion dollars a year in net income and yet pay no taxes in the UK where it is incorporated and gets a tax break in the US for imported rum to boot. It owns the Top Liquor brand, the Top vodka, the top tequila and Whiskey along with all of Guinness and a 35% stake in Hennessy plus endless other brands. It pay's a 3% dividend and sure it might be fairly priced. As long as people drink I can sleep soundly at night knowing Diageo likes to country hop more then Paris Hilton looking for a line of "tax break".