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Is Coca-Cola Facing an $18B Tax Battle With the IRS
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Subscribe17 MAR 2026 / ACCOUNTING & TAXES
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Coca-Cola is in a dispute with the IRS regarding the allocation and tax treatment of revenues from international operations. The company's case has been influenced by a recent court ruling in favor of 3M that limited the IRS's ability to reallocate income, potentially setting a precedent that could impact the interpretation of tax law and create uncertainty for multinational corporations.
Every tax professional has seen it. A client walks in with a position they “felt comfortable with” years ago, only to have the IRS revisit it with a completely different lens. Now scale that up to Coca-Cola, layer in cross-border IP, and add a Supreme Cou...
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