• mriswith@lemmy.world
    link
    fedilink
    English
    arrow-up
    10
    ·
    edit-2
    1 day ago

    Sadly, a bunch of things people buy are American owned but sold under a more local brand name, especially food or snack items, but also many other things.

    For example: A scary amount of Europeans don’t know that Mondelēz International is an American company. It was started by Kraft, famous for their “processed cheese product”. And they own brands like Cadbury, Milka, Toblerone, Marabou/Freia, etc.

    Coca-Cola also own a lot of “local” flavoured drinks.

    • Annoyed_🦀 @lemmy.zip
      link
      fedilink
      English
      arrow-up
      3
      ·
      1 day ago

      At least coca-cola have the courtesy of making the ownership known so brand loyalist can support the billionaire they like, while i can easily identify who to boycott.

    • BruceLee@sopuli.xyz
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      3
      ·
      1 day ago

      Mondelēz might be international but productions are local. They have plenty of manufactures all accords France, Belgium and Netherlands, to stick with the ones I know.

        • ms.lane@lemmy.world
          link
          fedilink
          English
          arrow-up
          3
          ·
          1 day ago

          Often not, no - it’s a big problem that these huge multinationals have is repatriating their foreign cash.

          Apple used to have somewhere around 5x more cash in Ireland than they did in USA, because taxes.

          • GregorGizeh@lemmy.zip
            link
            fedilink
            English
            arrow-up
            2
            ·
            23 hours ago

            Interesting, I hadn’t thought of that.

            Although I would argue that such “unrealized” profits would still count as being given overseas, since the money is not available to the european economy any more, no?

            They just keep it parked in some kind of inflation proof financial construct until needed (at which point they might have to pay taxes on however much of it they need to withdraw, but still).

            • ms.lane@lemmy.world
              link
              fedilink
              English
              arrow-up
              1
              ·
              23 hours ago

              They just keep it parked in some kind of inflation proof financial construct until needed

              Sometimes, othertimes they use it to just buy out european/australian/japanese/etc entities - since it’s hard to repatriate, they can use that as a sort of justification where some shareholders (Hedge Funds that want dividends now) might object.