Alex Martin - Transfer Pricing

KBKG Transfer Pricing, we focus on cash savings, TP documentation, audit defense, and benchmarking. 25 years of TP. #taxtwitter

[Alex Martin - Transfer Pricing @Alex_KBKGTP]

Is Coca-Cola’s ‘Black Swan’ event in sight? $20 billion of potential tax due, and an appeals court decision by the end of the year could be a suprise to most investors. https://t.co/EO7RsgqJk1

[Alex Martin - Transfer Pricing @Alex_KBKGTP]

After reading Coca-Cola's latest transfer pricing tax appeals filing, we should remember the investors when considering risks of this magnitude. #TP #transferpricing #CocaCola https://t.co/otRMYPtdyj

[Alex Martin - Transfer Pricing @Alex_KBKGTP]

https://t.co/UUcINRkJTj

[Alex Martin - Transfer Pricing @Alex_KBKGTP]

The Tax Court recently released its decision for $KO 's billion dollar-plus transfer pricing case. I have observations in the Financial Times on why Coke could owe much more. #taxtwitter #IRS
How a $16bn tax stand-off stays unseen in Coca-Cola’s earnings (https://t.co/jfm0ZDTyxf)

[Alex Martin - Transfer Pricing @Alex_KBKGTP]

John Murphy, Coke’s CFO, told the Financial Times “We have outside counsel who have, each quarter, continued to evaluate the case on the facts that are available to them and they continue to offer an opinion that gives us a greater-than-not chance of prevailing,”

[Alex Martin - Transfer Pricing @Alex_KBKGTP]

“And then EY will do their own independent assessment to be comfortable with that opinion.”

[Alex Martin - Transfer Pricing @Alex_KBKGTP]

@ZorkaMilin @FT @stephenfoley @meyer_g6 Thank you @ZorkaMillin and @FT !

[Alex Martin - Transfer Pricing @Alex_KBKGTP]

@RichardRubinDC Congratulations! So happy for Evan, the fellow hostages, families, and the WSJ team.

[KBKG - Tax Credits, Incentives, and Cost Recovery @KBKG]

We're proud to announce that for the third consecutive year, KBKG has been named one of the world's leading #TransferPricing firms!

Congrats to our entire Transfer Pricing team for the honor and recognition!

Read more here >> https://t.co/2fsZR0jL4P

[Alex Martin - Transfer Pricing @Alex_KBKGTP]

@mkoontz328 We have a large R&D team + retired IRS R&D team managers if that may be of interest.

[Alex Martin - Transfer Pricing @Alex_KBKGTP]

Dr. John James Martin, Jr.
USS Consolation, Korean Conflict and a long career serving fellow veterans at the VA. Thank you, Dad.

[KBKG - Tax Credits, Incentives, and Cost Recovery @KBKG]

We recently helped a heavy manufacturing company accelerate their tax depreciation, resulting in $1.5M in tax savings.

See what we could do for you here: https://t.co/1UoFBgQta4

#costsegregation #taxsavings #manufacturing

[KBKG - Tax Credits, Incentives, and Cost Recovery @KBKG]

As the IRS warns taxpayers to be wary of false claims regarding the Employee Retention Credits, trust is key in maximizing your qualified wages for the ERC.

📺 Watch here » https://t.co/3Pwv7abYCF

#ERC #EmployeeRetentionCredits #TaxCredits #TaxCompliance #TaxPlanning

[Alex Martin - Transfer Pricing @Alex_KBKGTP]

I agree that the Republican Congress is a significant hurdle for US participation in the OECD's Pillar 1/Pillar 2 program for a global minimum tax. They even called out Janet Yellen for giving away too much in negotiations. https://t.co/LDjuunhss2

[Alex Martin - Transfer Pricing @Alex_KBKGTP]

#TaxTwitter Did anyone else receive a 1099-Misc from Amazon stating that they received royalty income during the year? Big surprise to me! Took me a while, but I did find an Amazon taxsite where you can report identity theft to their tax department. https://t.co/ltU7v7hDA5

[Alex Martin - Transfer Pricing @Alex_KBKGTP]

Reasonable position from @NatlParkService However, this rule does not prevent you from putting on runners to outrace your friends during a bear encounter

[National Park Service @NatlParkService]

If you come across a bear, never push a slower friend down…even if you feel the friendship has run its course.⁣⁣

[Alex Martin - Transfer Pricing @Alex_KBKGTP]

Page 27 - https://t.co/E3arapU5RP

[Alex Martin - Transfer Pricing @Alex_KBKGTP]

In $KO 2022 annual report, Coke estimates the transfer pricing tax bill would be $14 billion if the IRS "continues to prevail". No significant change in tax accrual, estimating a final settlement of $423m. No mention of tax court's 2021 response that Coke's position is "futile"

[Alex Martin - Transfer Pricing @Alex_KBKGTP]

IRS continues to win in tax court (3M Royalty Case), but apparently $KO Coca-Cola's tax provision does not change from the ~$400m estimate for 2021. In the last annual report, Coke said if the IRS ultimately prevails, the company would owe ~$13 billion in tax for transfer pricing