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Will the Eleventh Circuit Court of Appeals rule in favor of Coca-Cola in the $6 billion tax liability case by August 2, 2025?
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Resolution / Starting Odds
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No • 50%
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.
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Yes • 50%
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Appeal Successful • 25%
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Partial Success • 25%
Settlement Reached • 25%
Case Dismissed • 25%
Ruling in Favor of IRS • 25%
Ruling in Favor of Coca-Cola • 25%
Settlement Announced • 25%
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Less than $3 billion • 25%
$3 billion to $4.99 billion • 25%
$5 billion to $6 billion • 25%
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