What happens when a multi-billion dollar corporation uses an obscure tax loophole to drain a small town's bank account?

In this episode, we unpack the terrifying legal strategy known as the "Dark Store Theory."

Discover how highly paid corporate tax attorneys argue that booming supercenters should be valued like abandoned warehouses, forcing local governments to pay back millions in retroactive refunds and leaving ordinary citizens to foot the bill.

What happens when a multi-billion dollar corporation uses an obscure tax loophole to drain a small town's bank account? In this episode, we unpack the terrifying legal strategy known as the "Dark Store Theory." Discover how highly paid corporate tax attorneys argue that booming supercenters should be valued like abandoned warehouses, forcing local governments to pay back millions in retroactive refunds and leaving ordinary citizens to foot the bill.

In the 1990s, Pepsi ran a commercial offering a military Harrier Jet for 7 million "Pepsi Points." It was meant to be a joke. But a 21-year-old business student didn't laugh—he raised $700,000, bought the points, and demanded his $30 million aircraft. Join us as we explore the legendary lawsuit of Leonard v. Pepsico, the legal defense of "puffery," and how one college student permanently changed the way billion-dollar corporations advertise.