Category: Latest Articles
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Coca-Cola ordered to pay $6bn in back taxes
Coca-Cola has been ordered to pay $6bn in back taxes after losing a transfer pricing case. The company plans to appeal the decision, but if the IRS prevails, Coca-Cola could owe up to $16bn in back taxes and interest. The case involves transfer pricing, a practice used by multinational corporations to allocate costs and taxable…
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KPMG takes stake in Rhino.AI startup
KPMG is looking to accelerate its growth as a provider of technology consulting services with a stake in artificial intelligence (AI) startup Rhino.AI, developer of a platform that aims to save clients time and money when upgrading legacy information technology systems. Financial terms of the deal, which builds on an existing alliance, have not been…