🇺🇸United StatesAuthority Win

The Coca-Cola Company & Subsidiaries v. Commissioner of Internal Revenue

2020

United States Tax Court

≈$2.7B deficiency (decision entered 2024-08-02); IRS notice asserted ≈$3.3B for 2007–2009 (later increased by ≈$135M for split invoicing) at stake

Taxpayer

The Coca-Cola Company & Subsidiaries

Tax Authority

Commissioner of Internal Revenue (IRS)

Topics

Intangibles & IPRoyaltiesmarketing intangiblesclosing agreementblocked incomedividend offsetsection 987tested party selection

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Official Sources

The Coca-Cola Co. & Subs. v. Commissioner, 155 T.C. No. 10 (Nov. 18, 2020) (republished opinion PDF)primary

The Coca-Cola Co. & Subs. v. Commissioner, T.C. Memo. 2023-135 (Nov. 8, 2023) (republished opinion PDF)primary

The Coca-Cola Company press release: U.S. Tax Court Enters Decision in Ongoing Dispute (Aug. 2, 2024)commentary

U.S. Tax Court, Report on Tax Court Cases on Appeal in Courts of Appeal (Oct. 1–31, 2024) (lists Coca-Cola appeal to 11th Cir.)primary

Eleventh Circuit appeal docket: The Coca-Cola Company and Subsidiaries v. Commissioner of Internal Revenue, No. 24-13470primary

IRS Wins Big in The Coca-Cola Company & Subs. v. Commissioner (Caplin & Drysdale, Nov. 23, 2020)commentary