Coca-Cola's $20B Tax Fight Heads to Appeals Court
The dispute could leave Coca-Cola owing $20 billion as the company challenges whether a 1996 tax deal covered profits reported by foreign affiliates.
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The New York LedgerCoca-Cola takes its fight with the IRS to federal appeals court with $20B on the line
Coca-Cola is taking its yearslong tax dispute with the IRS to a federal appeals court in Miami, with an estimated $20 billion in taxes and interest on the line.
Coca-Cola and the U.S. Federal Revenue (IRS) are again facing justice this week in a case that can cost the drinks giant up to $20 billion and influence the degree of rigour with which the U.S. tax authority can apply transfer pricing rules to multinational companies.In Brazil: With thefts of Coca-Cola packaging figurines, markets reinforce security and company replaces Capital products: Coca-Cola's new bet in Brazil that starts to work The drin…
At the Federal Court of Appeals in Miami, the tax dispute between Coca-Cola and the USA will start a new round next week. This is not just about a lot of money. The outcome of the disputes is highly relevant and could be indicative for similar cases.
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