Coca-Cola to pay $6 billion in IRS back taxes, and appeal decision

ATLANTA, Georgia: Coca-Cola Co. announced it will pay US$6 billion in back taxes and interest to the Internal Revenue Service (IRS) while it appeals a federal tax court decision.

This case, which has been ongoing for 17 years, concerns taxes and interest the IRS claims Coca-Cola owes for 2007, 2008, and 2009.

The Atlanta-based beverage giant expressed confidence in its legal position and stated it would