Big Four accountants attack IRS over ‘capricious’ US tax treatment of Coca-Cola

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Deloitte, PwC and KPMG have launched a scathing attack on the Internal Revenue Service, which they accused of “a pattern of arbitrary, capricious and unreasonable conduct” towards multinational companies that risks eroding confidence in the US tax system.

The three accounting firms made the claims about the US tax authority in a court filing this week supporting…