Institute on Taxation and Economic Policy (ITEP)

June 22, 2026

Wall Street Journal: Coke Takes on IRS With $20 Billion at Stake

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Coca-Cola is waging a high-stakes corporate battle with more than $20 billion at stake, and the opponent isn’t Pepsi or even Dr Pepper. It’s the Internal Revenue Service.

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Author

Matthew Gardner
Matthew Gardner

Senior Fellow