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.

  • Media Bias Fact CheckerB
    -7•4 months ago
    Associated Press Media Bias Fact Check Credibility: [High] (Click to view Full Report)

    Name: Associated Press Bias: Left-Center
    Factual Reporting: High
    Country: United States of America
    Full Report: https://mediabiasfactcheck.com/associated-press/

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    • @ripcord
      1•4 months ago

      The Associated Press is “Left Center”. The AP.