Coca-Cola

Corporate | International

Coca-Cola Says IRS Wants $3.3 Billion More In Federal Taxes
ByKelly Phillips Erb September 18, 2015November 19, 2020

The Coca-Cola Company announced today that it may owe $3.3 billion in additional federal income taxes. In a form 8-K filed with the U.S. Securities and Exchange Commission, the company revealed that following a five year audit for the tax years 2007 – 2009, the Internal Revenue Service (IRS) issued a Notice of Deficiency claiming…

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Corporate

Walmart Settles False Advertising Claims Tied To ‘Sugar Tax’ On Coca-Cola
ByKelly Phillips Erb September 17, 2014November 19, 2020

New York might have failed in its efforts to tax sugary sodas but that didn’t keep retail giant Walmart from trying to tax it anyway. This week, New York Attorney General Eric T. Schneiderman announced that the state reached a settlement with Wal-Mart Stores, Inc. (also known as Walmart) over false advertising claims. The settlement…

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