Stakes High as Coca-Cola Preps Transfer Pricing Case Appeal (1)

Coca-Cola Co.’s long-running transfer-pricing battle with the IRS is headed for an appeal this fall, and the company is expected to pull out all the stops, including arguing that its case should get a boost from the US Supreme Court’s move giving courts more power over regulatory agencies.

The global beverage giant faces a $2.7 billion tax bill in the dispute, according to IRS filings with the US Tax Court last week, and Coca-Cola could owe a total of $6 billion once interest is added. The filing of the calculations for those amounts cleared the way for the company ...