Stakes High as Coca-Cola Preps Transfer Pricing Case Appeal (1)

Aug. 8, 2024, 8:45 AM UTCUpdated: Aug. 8, 2024, 3:38 PM UTC

Coca-Cola Co.’s long-running transfer-pricing battle with the IRS is headed for an appeal this fall, and the company is expected to pull out all the stops, including arguing that its case should get a boost from the US Supreme Court’s move giving courts more power over regulatory agencies.

The global beverage giant faces a $2.7 billion tax bill in the dispute, according to IRS filings with the US Tax Court last week, and Coca-Cola could owe a total of $6 billion once interest is added. The filing of the calculations for those amounts cleared the way for the company ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.