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Coca-Cola hit with $3.3bn bill for back taxes

Drinks giant says the disagreement is over how much it should report as taxable income in the US

The US tax authroity has ordered Coca-Cola to pay $3.3bn more in taxes and interest for 2007 to 2009.

The Atlanta-based company said in a regulatory filing that it believes the assessments from the Internal Revenue Service are without merit and plans to pursue “all administrative and judicial remedies necessary to resolve the matter”.

The maker of Sprite, Dasani, Powerade and other drinks said the disagreement is over how much it should report as taxable income in the US, in relation with licensing that...


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