COMMENT: G20 Proposals merely FATCA on steroids

The example of a little known Irish registered subsidiary of Pepsi serves to highlight the peculiarly Byzantine world of international taxation, writes Ian Kehoe.

Ian Kehoe - avatar

Ian Kehoe

25th February, 2014
Ian Kehoe: PepsiCo Global Investment Holdings' tax set-up was unlike any company I have ever come across.

I am sure that the leaders at the G20 summit in Sydney were not thinking of a little known Irish registered company called PepsiCo Global Investment Holdings when they urged action on corporation tax at the weekend.

But the company is a rather interesting one, and serves to highlight the peculiarly Byzantine world of international taxation.

The company was a Dublin registered subsidiary of the multinational giant Pepsi, providing finance to other Pepsi companies around...

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