Coca-Cola Ruling Sends Warning on Facebook, Medtronic Tax Fights
A U.S. Tax Court ruling that Coca-Cola Co. must pay most of a $3.4 billion additional tab ordered by the IRS for attributing too much profit to foreign affiliates may have reverberations for Facebook Inc., Medtronic Inc. and other multinational companies facing potentially multi-billion-dollar assessments in similar cases.
20 Nov 2020 ... A U.S. Tax Court ruling that Coca-Cola Co. must pay most of a $3.4 billion additional tab ordered by the IRS for attributing too much profit to ...