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Coca-Cola to pay $6 billion in IRS back taxes case while appealing judge's decision

Coca-Cola Co. Will pay $6 billion in back taxes and interest to the Internal Revenue Service while appealing a federal tax court decision from a case dating back 17 years.
The company believes it will win the legal dispute related to taxes owed for the years 2007, 2008, and 2009.
Coca-Cola expects that, if it wins the appeal, “some or all of the $6 billion, plus accrued interest, would be refunded.

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Fox Business

Coca-Cola to pay $6B in back taxes and interest to the IRS after tax court ruling

Coca-Cola announced Friday it will pay $6 billion in back taxes and interest after a ruling in a case dating back nearly 20 years with the IRS.

7 months ago·United States

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Fortune

Coca-Cola will pay IRS $6 billion in back taxes while appealing federal court's decision

Coca-Cola accused the IRS of changing how it let the company calculate U.S. income based on profits amounting to more than $9 billion from foreign licensees and affiliates.

7 months ago·New York, United States

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The Epoch Times

Court Rules Coca-Cola Must Pay IRS $6 Billion in Unpaid Taxes

Soft drink manufacturer Coca-Cola has been ordered by a court to make billions in payments to the Internal Revenue Service (IRS) to cover back taxes. On July 31, the U.S. Tax Court ruled that there were deficiencies in income tax dues payable by Coca-Cola to the IRS for the 2007–09 period to the tune of approximately $2.7 billion. Adding in interest, the total amount payable by Coca-Cola comes to around $6 billion, the company said in an Aug. 2 …

7 months ago·New York, United States

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Origo

Hatmilliárd dollárnyi kártérítést fizet a Coca-Cola

Coca-Cola Co. announced on Friday that it will pay $6 billion (2.19 trillion forints) in tax arrears and interest to the Internal Revenue Service, while appealing a legally binding decision of the US tax court in a case dating back 17 years.

7 months ago·Budapest, Hungary

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Associated Press News

+17 Reposted by 17 other sources

Coca-Cola to pay $6 billion in IRS back taxes case while appealing judge's decision

Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating

7 months ago·United States

Read Full Article