Coca-Cola faces a significant tax challenge stemming from transfer pricing disputes with the U.S. IRS. In 2020, a U.S. Tax Court supported the IRS’s adjustments, requiring Coca-Cola to pay an additional $2.7 billion in taxes due to under-reported income from transactions between its international subsidiaries. When interest is added, the total liability reaches approximately $6 billion. The company has since filed an appeal to contest the ruling. Transfer pricing governs how multinational corporations set prices for goods, services, and intellectual property exchanged between related entities across borders, ensuring that profits are allocated fairly among jurisdictions.
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