Coca-Cola Improperly Shifted Profits Abroad, Tax Court Rules

Coca-Cola Improperly Shifted Profits Abroad, Tax Court Rules


WASHINGTON—Coca-Cola Co. placed too much of its profit in its foreign operations instead of its higher-taxed domestic parent company, a U.S. Tax Court judge ruled Wednesday.

The court adopted most of the U.S. government’s main arguments, and the ruling marks a setback for the beverage giant’s international tax strategy.

The Internal Revenue…



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2020-11-18 22:28:00

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