Tax Court Determines $2.7 Billion Deficiency Against Coca-Cola
Coca-Cola v. Commissioner
- Case NameCoca-Cola et al. v. Commissioner
- CourtUnited States Tax Court
- DocketNo. 31183-15
- JudgeLauber, Albert G.
- Code Sections
- Subject Areas/Tax Topics
- Jurisdictions
- Tax Analysts Document Number2024-22374
- Tax Analysts Electronic Citation2024 TNTF 149-202024 TNTI 149-222024 TNTG 149-322024 TPR 33-11
Coca-Cola v. Commissioner
THE COCA-COLA COMPANY AND SUBSIDIARIES,
Petitioner,
v.
COMMISSIONER OF INTERNAL REVENUE,
Respondent.
UNITED STATES TAX COURT
Judge Albert G. Lauber
DECISION
Pursuant to the opinions of the Court filed December 14, 2017; November 18, 2020; and November 8, 2023, it is
ORDERED AND DECIDED: That there are deficiencies in income tax due from petitioner for the 2007, 2008, and 2009 taxable years in the amounts of $930,822,089; $865,202,130; and $932,972,594, respectively.
(Signed) Albert G. Lauber
Judge
Entered:
* * * * *
Entered and Served 08/02/24
The parties stipulate that the foregoing decision is in accordance with the opinions of the Court and respondent's computation and that the Court may enter this decision, without prejudice to the right of either party to contest the correctness of the decision.
The parties further stipulate that interest will be assessed as provided by law on the deficiencies due from petitioner.
It is further stipulated that, effective upon the entry of this decision by the Court, petitioner waives the restrictions contained in I.R.C. §6213(a) prohibiting assessment and collection of the deficiencies plus statutory interest until the decision of the Tax Court becomes final.
MARJORIE A. ROLLINSON
Chief Counsel
Internal Revenue Service
SANFORD W. STARK
Counsel for Petitioner
Gibson, Dunn & Crutcher LLP
Tax Court Bar No. SS0902
Date: July 31, 2024
By: HEATHER L. LAMPERT
Special Trial Attorney
(Strategic Litigation)
Tax Court Bar No. LH0357
Date: July 31, 2024
- Case NameCoca-Cola et al. v. Commissioner
- CourtUnited States Tax Court
- DocketNo. 31183-15
- JudgeLauber, Albert G.
- Code Sections
- Subject Areas/Tax Topics
- Jurisdictions
- Tax Analysts Document Number2024-22374
- Tax Analysts Electronic Citation2024 TNTF 149-202024 TNTI 149-222024 TNTG 149-322024 TPR 33-11