90 days ago • Posted by William Ramstein

Coca-cola faces scrutiny over taxes

Under a worst-case scenario in which the IRS’s logic is applied to subsequent years past 2009, Coca-cola could face a total liability of around $12 billion, equal to a bit more than 5% of its market value, and its future underlying effective tax rate could go up by around 3.5 percentage points. Source: WSJ