IntroductionTax policy affects The Coca-Cola Company like many other businesses. The four components of fiscal policy are employment, growth, the business cycle and inflation. The following examines the various aspects of tax policy related to The Coca-Cola Company.EmploymentOne of the Coca-Cola Company's greatest strengths is its ability to conduct business on a global scale while maintaining a local focus , one of the smartest strategies. imagined by the Coca-Cola human resources department. Coca-Cola runs its human resources department through a decentralized human resources system, which means that not only management can participate in decision-making, but also employees. Coca Cola's decentralized system connects the shared visions of employees and management, but Coca-Cola is also aware of the complexity of managing operations in different locations and the company has created an International Advisory Council (IAC) to help senior managers to make effective decisions for the company. For example, in January 2005, the head of the Coca-Cola Company's worldwide human resources department decided to improve Coca-Cola's overall mission after an honest assessment was made by the company's top managers. 'business. These improvements were intended to improve the success, growth and structure of Coca-Cola and to better cope with the task and people of today and their relationships with independent bottlers. After following the same mission statement for a hundred years, recent concerns have led to improvements to Coca-Cola's mission statement called the Manifesto for Growth. The Manifesto is a global vision of the company made up of several components, and these components are......middle of paper......ball database. (Document ID: 1428800461). Birchall, Jonathan (October 18, 2007). Coke sees progress in North America: [ASIA EDITION]. Financial Times, p. 22. Retrieved March 8, 2008 from ABI? INFORM Global database. (Document ID: 1367947651). Birchall, Jonathan (February 14, 2008). Emerging Markets Help Keep Coca-Cola in Business: [LONDON 2ND EDITION]. Financial Times, p.25. Retrieved March 8, 2008 from the ABI/INFORM Global datebate. (Document ID: 1429142611).http://www.thecoca-colacompany.com/ourcompany/bios/bio_69.htmlhttp://www.personneltoday.com/articles/2007/05/16/40595/coca-cola- plans -hire HR business partners to provide shared services-centers.htmlgeocities.com/xdejesusspg06/BusinessCycles22.dochttp://www.bookrags.com/essay-2003/6/14/53228/5227https http://www. 123helpme.com/view.asp?id=23720http://www.thecoca-colacompany.com/investors/pdfs/form_10K_2005.pdf