Irish Pepsi subsidiary pays tax in South American island

An Irish subsidiary of the multinational giant Pepsi, which has recorded hundreds of millions of dollars in profits, pays its tax in Curacao, a tiny island off the coast of Venezuela.

Ian Kehoe - avatar

Ian Kehoe

1st June, 2013

An Irish subsidiary of the multinational giant Pepsi, which has recorded hundreds of millions of dollars in profits, pays its tax in Curacao, a tiny island off the coast of Venezuela.

It has emerged that the Dublin-registered company is using a 1940 treaty called 'Netherlands Antilles Tax Ordinance' in order to be taxed in Curacao.

Company filings also reveal that the Pepsi subsidiary is relying upon specific rulings from the inspector of taxes.

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