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How much will Coca-Cola ultimately pay in the $6 billion tax dispute by December 31, 2024?
3
Resolution / Starting Odds
Less than $3 billion • 25%
$3 billion to $4.99 billion • 25%
$5 billion to $6 billion • 25%
More than $6 billion • 25%
Public financial reports from Coca-Cola
Story
Coca-Cola to Appeal $6 Billion Tax Court Ruling in 17-Year Dispute
Aug 2, 2024, 03:17 PM
The U.S. Tax Court has ruled that The Coca-Cola Company owes $6 billion in back taxes and interest to the Internal Revenue Service (IRS). The dispute centers on Coca-Cola's accounting practices for its foreign income between 2007 and 2009. Coca-Cola plans to appeal the decision and has 90 days to file a notice of appeal. While the appeal is pending, the company will pay the agreed-upon liability and interest. The case, which dates back 17 years, will be taken to the Eleventh Circuit Court of Appeals, where Coca-Cola intends to vigorously defend its position.
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Less than $3 billion • 25%
$3 billion to $6 billion • 25%
More than $6 billion • 25%
No payment due • 25%
Yes • 50%
No • 50%
Coca-Cola wins appeal • 25%
Coca-Cola loses appeal • 25%
Case is settled out of court • 25%
Appeal is dismissed • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Increases by more than 5% • 25%
Decreases by more than 5% • 25%
Changes by less than 5% • 25%
No significant change • 25%
Finalized and paid • 25%
Finalized but not paid • 25%
Not finalized • 25%
Settlement amount changed • 25%
Fines fully paid • 25%
Fines partially paid • 25%
Fines not paid • 25%
Other • 25%
Yes • 50%
No • 50%
Less than $495 million • 25%
$495 million • 25%
More than $495 million but less than $600 million • 25%
More than $600 million • 25%