Judge Restores $139M In Mexican Tax Credits For Coca-Cola

By Natalie Olivo (December 14, 2017, 10:05 PM EST) -- The U.S. Tax Court on Thursday rejected the Internal Revenue Service's decision to deny Coca-Cola nearly $139 million in Mexican foreign tax credits, finding that the beverage giant reasonably interpreted Mexican law when calculating the royalty rate for its subsidiary there....

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