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.
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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