Tax blog
Coca-Cola Faces $2.7 Billion Tax Deficiency in Landmark IRS Case
Tax Court rules against Coca-Cola after years of litigation over transfer-pricing adjustments. The U.S. Tax Court has ruled that The Coca-Cola Company (TCCC) owes $2.7 billion in tax deficiencies for 2007, 2008, and 2009. This decision follows over eight years