Coca-Cola Co. announced on Friday that it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it pursues an appeal in a federal tax court case that dates back 17 years. The Atlanta-based company remains steadfast in its belief that it will prevail in the legal dispute concerning taxes and interest the IRS claims are owed from 2007, 2008, and 2009.
The company expressed its eagerness to engage in the appellate process and confirmed its intention to settle the agreed-upon liability and interest as part of that process. A spokesperson for Coca-Cola, Scott Leith, refrained from providing further details to the media.
