2024 court ruling finds Coca-Cola underpaid US taxes by billions, setting a precedent for increased scrutiny of US multinationals.

2024 court ruling states Coca-Cola underpaid US taxes by billions via shifting profits to low-tax jurisdictions, a decision likely to set a legal precedent for increased scrutiny of US multinationals. KBKG's Transfer Pricing expert, Alex Martin, was featured in Financial Times and Bloomberg Law. Coca-Cola's tax appeal with stakes at $2.7bn in tax liability and $3.3bn in accrued interest for 2007-2009 tax years may have up to $17bn exposure if applied to all subsequent tax years.

August 19, 2024
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