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Tax Court Sides With IRS In $3.3B Coke Transfer Pricing Row

By Alex M. Parker ( November 18, 2020, 3:59 PM EST) -- Coca-Cola Co. lost its long-running $3.3 billion transfer pricing dispute with the Internal Revenue Service on Wednesday when the U.S. Tax Court found the agency did not abuse its discretion in reallocating royalty income from foreign affiliates....

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