About fucking time these cunt companies paid their taxes. .... Coca-Cola was notified by the IRS that it owes $3.3 billion more in federal taxes, as well as interest, for 2007 to 2009, the company said. The Atlanta-based company said in a regulatory filing it believes the assessments from the Internal Revenue Service are without merit and plans to pursue "all administrative and judicial remedies necessary to resolve the matter The maker of Sprite, Dasani, Powerade and other drinks says the disagreement is over how much it should report as taxable income in the U.S., in relation with licensing that allows foreign affiliates to sell products like soft drink concentrates to bottlers overseas. It's a tax issue that comes up frequently for multinational companies, said Robert Willens, president of a tax accounting consultancy in New York. He said companies tend to charge foreign subsidiaries low licensing fees as a way to shift reportable income away from the U.S., where corporate tax rates are higher. Willens said the cases are often settled for a fraction of the assessment. "They hardly ever get to court, because neither party wants to experience the hazards of litigation," he said. In a filing with the Securities and Exchange Commission, Coca-Cola said it has used the same methodology for determining its taxable U.S. income for nearly 30 years. "The IRS now seeks to depart from this long-standing practice in order to increase substantially the amount of tax," the company said.