Should Investors Gamble With Procter&Gamble?

Recent tax probe in Italy gives one more reason to be cautious with P&G

On Wednesday, Bloomberg published an article titled “P&G Is Under Investigation in Italian Tax Probe.” In it, the world’s largest consumer-products maker is being investigated for routing revenue through Swiss and other units to avoid paying taxes in the country. Joining the likes of Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG) and Amazon (NASDAQ:AMZN), P&G(NYSE:PG) would, if guilty, probably need to pay a little bit more than what Google had paid. According to the article, Google was allegedly underpaying taxes totaling $277 million from 2009 and 2013, representing some 20% of Italy’s sales.

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One thought on “Should Investors Gamble With Procter&Gamble?

  1. Mark
    I came across your name when doing research for FCX stock and metals and mines commodities. Last week I invested a large sum into FXC at 13.8. The ongoing
    dispute with Indonesia govt. has led to a volatile environment and downward trend.

    I believe the Indonesian govt and Freeport have agreed to a 6 month extension in regards to talks and finding amicable agreement. As a long term investment, do you see FCX as a favorable investment. Thank you

    Liked by 1 person

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