Coca-Cola Calls on Loper Bright to Boost Transfer Pricing Appeal

Coca-Cola Co. is citing a key US Supreme Court ruling from last year to help it win a favorable court decision in a case that could cost the company billions in taxes.

In an appeals brief filed Feb. 25 with the US Court of Appeals for the Eleventh Circuit, the company cited the high court decision in Loper Bright Enterprises v. Raimondo, which overturned the Chevron doctrine—allowing courts to defer to agencies’ interpretations of the law—and opened the door to more regulatory challenges from taxpayers.

Coca-Cola contended in its brief that the US Tax Court’s decision in its case “cannot ...