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Coca-Cola appeals IRS $20B tax dispute over foreign profit reporting from 2007-2009.

Market News
22 Jun 2026
Fox Business
View Source
Bearish
pluang ai news

Coca-Cola is taking its dispute with the IRS to a federal appeals court over a $20 billion tax liability related to how it reported profits from 2007 to 2009 using transfer pricing. The case centers on a 1996 agreement about reporting foreign profits, which Coca-Cola says it followed using a "10-50-50" method approved by the IRS. The IRS argues the agreement only applied retroactively and did not protect Coca-Cola from penalties for later years. A 2020 Tax Court ruling favored the IRS, resulting in Coca-Cola paying $6 billion, but the company continues to use the same accounting method. If Coca-Cola loses the appeal, it could owe up to $20 billion in taxes and interest, potentially requiring borrowing despite claims of sufficient liquidity.

More News (KO)

SNAP food purchase limits in 23 states may cut $830M in sales, prompting food firms to reformulate products.

SNAP food purchase limits in 23 states may cut $830M in sales, prompting food firms to reformulate products.

Restrictions on SNAP benefits in 23 states now limit purchases of sugary drinks and candy, potentially reducing food and beverage sales by up to $830 million this year. Major companies like Hershey, PepsiCo, Coca-Cola, and Kraft Heinz are monitoring ...

Market News
Bearish
2 days ago
Apple, Coca-Cola, and Microsoft remain top long-term compounders with strong moats and growth potential.

Apple, Coca-Cola, and Microsoft remain top long-term compounders with strong moats and growth potential.

Apple, Coca-Cola, and Microsoft are highlighted as generational compounders with durable competitive advantages that have produced strong long-term returns. Apple benefits from a massive installed base and recurring revenue, though its valuation is h...

Market News
Bullish
2 days ago
SCHD ETF offers steady, growing dividends as a reliable income source amid market tech volatility.

SCHD ETF offers steady, growing dividends as a reliable income source amid market tech volatility.

The Schwab U.S. Dividend Equity ETF (SCHD) provides investors with a low-cost, diversified portfolio of U.S. companies known for consistent dividend growth, making it an attractive option for those seeking a stable and growing income stream in retire...

Market News
Bullish
3 days ago
Coca-Cola's dividend remains very safe with 64 years of increases and strong cash flow despite inflation.

Coca-Cola's dividend remains very safe with 64 years of increases and strong cash flow despite inflation.

Coca-Cola continues to offer a very safe dividend, having increased payouts for 64 consecutive years. Despite a high free cash flow payout ratio in 2025 due to a one-time payment, management expects healthier cash flow in 2026, supporting a 3.9% divi...

Analyst Insights
Bullish
3 days ago
PepsiCo shows best value among Dividend Aristocrats; Coca-Cola and Procter & Gamble priced high with limited upside.

PepsiCo shows best value among Dividend Aristocrats; Coca-Cola and Procter & Gamble priced high with limited upside.

PepsiCo trades attractively at $146.12 with strong international growth and a 54th consecutive dividend raise, offering about 15% upside. Coca-Cola, priced at $80.28, shows solid execution but trades at a high valuation with only 7% upside, balancing...

Analyst Insights
Neutral
4 days ago
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