Coca-Cola has been ordered to pay $6 billion in back taxes and interest to the IRS after a lengthy dispute over international transfer pricing.
The ruling, delivered by a U.S. Tax Court judge, found Coca-Cola liable for $2.7 billion in back taxes, plus $3.3 billion in interest.
The dispute dates back to 2007-09, during which the IRS argued that Coca-Cola should have reported higher income due to its international operations.
Coca-Cola has announced plans to appeal the ruling and will pay the agreed-upon liability while pursuing an appeal.
