Coca-Cola Must Pay IRS $6 Billion in Unpaid Taxes, Court Rules

Coca-Cola accused the IRS of wrongly estimating the tax by not following a previously agreed upon calculation methodology.

A Coca-Cola logo is seen in a restaurant in Washington on May 1, 2016. Karen Bleier/AFP via Getty Images

Soft drink manufacturer Coca-Cola has been ordered by a court to make billions in payments to the IRS to cover back taxes.

On July 31, the U.S. Tax Court ruled that there were deficiencies in income taxes payable by Coca-Cola to the IRS for the 2007–09 period to the tune of about $2.7 billion. Adding in interest, the total amount payable by Coca-Cola comes to around $6 billion, the company said in an Aug. 2 statement.