Coca-Cola to pay $6 billion in IRS back taxes case while appealing judge's decision
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.
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.
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.
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Sounds like maybe we should nationalize the Coca-Cola company.
I'm just kiddding! This is America! We don't do sensible things with corporations.
Not like they put out quality products. Shut em down and buy some small cola shops out instead
You would have riots on your hand if people couldn't get their Coca-Cola.
I am not joking.
When Coke changed its formula in the 80s, people were getting so pissed that it was actually kind of getting dangerous. Like executives were getting death threats and newspapers were saying they did it because they were secretly controlled by the USSR.
Addictive? Nonsense
Ironically, more so now that there is not cocaine in it.
-cocaine
+sugar
Worse than regular cane sugar too. Unless you're importing it from Mexico, it's sweetened with HFCS.
high yield hfcs
Its even more concentrated