Coca-Cola's $20B Tax Fight Heads to Appeals Court

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Coca-Cola and the U.S. Federal Revenue (IRS) are again facing justice this week in a case that can cost the drinks giant up to $20 billion and influence the degree of rigour with which the U.S. tax authority can apply transfer pricing rules to multinational companies.In Brazil: With thefts of Coca-Cola packaging figurines, markets reinforce security and company replaces Capital products: Coca-Cola's new bet in Brazil that starts to work The drin…

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At the Federal Court of Appeals in Miami, the tax dispute between Coca-Cola and the USA will start a new round next week. This is not just about a lot of money. The outcome of the disputes is highly relevant and could be indicative for similar cases.

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A massive $20 billion tax dispute between Coca-Cola, one of the world's largest beverage producers, and the US Internal Revenue Service (IRS) is being taken to a federal appeals court in Miami. The case, to be heard this week, could fundamentally change not only Coca-Cola's future but also the tax strategies of all multinational corporations.