Loading...
Market
What will be the outcome of Coca-Cola's appeal in the $6 billion tax liability case by August 2, 2025?
2
Resolution / Starting Odds
Coca-Cola wins appeal • 25%
Coca-Cola loses appeal • 25%
Case is settled out of court • 25%
Appeal is dismissed • 25%
Court rulings, official announcements from the Eleventh Circuit Court of Appeals, or news reports
Story
Coca-Cola to Appeal $6 Billion Tax Liability 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. This decision is part of an ongoing dispute over Coca-Cola's accounting practices for its foreign operations between 2007 and 2009. The case has been ongoing for 17 years. Coca-Cola has announced its intention to appeal the decision and has 90 days to file a notice of appeal. The company plans to pay the agreed-upon liability and interest while defending its position in the Eleventh Circuit Court of Appeals.
View original story
Similar markets
Appeal Successful • 25%
Appeal Unsuccessful • 25%
Partial Success • 25%
Settlement Reached • 25%
Yes • 50%
No • 50%
Case Dismissed • 25%
Ruling in Favor of IRS • 25%
Ruling in Favor of Coca-Cola • 25%
Settlement Announced • 25%
Less than $3 billion • 25%
$3 billion to $4.99 billion • 25%
$5 billion to $6 billion • 25%
More than $6 billion • 25%
Yes • 50%
No • 50%
Apple wins the appeal • 25%
Apple loses the appeal • 25%
Settlement reached • 25%
Case dismissed • 25%
Yes • 50%
No • 50%
Settled with reduced amount • 25%
Settled with full amount • 25%
Successfully challenged and dismissed • 25%
Ongoing litigation • 25%
Verdict upheld • 25%
Verdict overturned • 25%
Verdict modified • 25%
Appeal withdrawn • 25%
Appeal upheld • 33%
Appeal denied • 33%
Partial modification • 34%
Penalty upheld • 25%
Penalty reduced • 25%
Penalty increased • 25%
Penalty overturned • 25%