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Coca-Cola Agrees to Pay $6 Billion to IRS in Back Taxes, Will Appeal

Beverage giant Coca-Cola agreed to pay $6 billion to the Internal Revenue Service (IRS) in back taxes after a U.S. Tax Court judge ruled against the company to bring an end to a case that has been going on since 2015. IRS argued that Coca-Cola...

Coca-Cola Benefits From Price Hikes, Reports Strong Earnings in Q1

Soft drinks giant Coca-Cola Co. reported strong earnings in the first quarter of 2023, benefiting from recent price hikes and steady demand for its products. The company’s revenue and profit in Q1 both topped the numbers estimated by analysts. Coca-Cola has increased its prices by...