logo
Coca-Cola Back Taxes
FILE - The Coca-Cola logo adorns the side of a delivery truck May 15, 2024, in southeast Denver. Coca-Cola reports earnings on Tuesday, July 23, 2024. Coca-Cola Co. said Friday, Aug. 2, 2024, it will pay a back tax bill amounting to $6 billion to the Internal Revenue Service while it appeals a federal tax court judge's latest ruling in a case dating back 17 years. (AP Photo/David Zalubowski, File)

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 back 17 years

By KEN RITTER
Published - Aug 02, 2024, 08:47 PM ET
Last Updated - Aug 02, 2024, 08:48 PM EDT

Coca-Cola Co. said Friday it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a final federal tax court decision in a case dating back 17 years.

The Atlanta beverage giant said it will continue to fight and believes it will win the legal dispute stemming from taxes and interest the IRS maintains the company owes from 2007, 2008 and 2009.

“The company looks forward to the opportunity to begin the appellate process and, as part of that process, will pay the agreed-upon liability and interest,” it said in a statement. Coca-Cola spokesperson Scott Leith declined additional comment to The Associated Press.

U.S. Tax Court Judge Albert Lauber on Friday issued a two-sentence decision and order ending his look at the case. The dispute reached court in December 2015, shortly after the company said it notified the IRS that it owed $3.3 billion more in federal taxes and interest for those three years.

Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
4.2 12182024