Coca-Cola To Shareholders: $18 Billion Tax Bill? What $18 Billion Tax Bill?

Coca-Cola To Shareholders: $18 Billion Tax Bill? What $18 Billion Tax Bill?

It’s been five years since the Coca-Cola Corporation was found by the U.S. Tax Court to have bilked U.S. taxpayers out of billions of dollars by hiding its U.S. profits in foreign tax havens. Half a decade later, the tax penalty facing Coke is (to coin a phrase) the real thing. Coke now estimates that the Tax Court’s ruling could cost the company as much as $18 billion in tax penalties.   But Coca-Cola leaders, apparently banking on the Trump ad…