Coke's $2.7B Tax Bill Arbitrary, Business Groups Tell 11th Circ.

By David Hansen · March 19, 2025, 8:27 PM EDT

Three industry groups asked the Eleventh Circuit to reverse a U.S. Tax Court decision affirming that the Internal Revenue Service could raise Coca-Cola's taxes by $2.7 billion, saying in friend-of-the-court briefs...

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