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Coke Downplays Brands' Tie To Profit, Says Witness For IRS

By David Hansen (April 18, 2018, 6:38 PM EDT) -- Coca-Cola's foreign business units are more profitable than similar food and beverage companies because of the company's brands and its dominance of local markets, an economist testified for the Internal Revenue Service Wednesday in its transfer pricing trial at the U.S. Tax Court....

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