The world’s largest beverage company, Coca-Cola, is in a high-stakes battle with the Internal Revenue Service (IRS) over its tax practices. The dispute, worth more than $20 billion, will be heard by a federal appeals court in Miami this week. At its core, the issue revolves around whether Coca-Cola accurately reports its profits to both the US and abroad.
Source: https://www.wsj.com/us-news/law/coca-cola-irs-legal-fight-f1ec40e8