Coca-Cola says will appeal US tax court penalty worth $6 bn

Coca-Cola says will appeal US tax court penalty worth $6 bn

Coca-Cola said Friday it plans to pay a tax penalty worth $6 billion while it pursues an appeal in a long-running dispute with the Internal Revenue Service.
US tax authority prevails in dispute with Coca-Cola

US tax authority prevails in dispute with Coca-Cola

A US court mostly sided with tax authorities in a dispute with Coca-Cola over how the soda giant reports income from some overseas markets, according to a ruling this week.