PepsiCo Inc.’s legal battle with Australia over cross-border transactions will soon result in a final high court ruling that threatens to hike taxes for multinational companies.
The Australian Tax Office is arguing that PepsiCo owed taxes on royalties that were “embedded” in a sale of beverage concentrate from a Singapore Pepsi affiliate to an Australian bottler. The company won an earlier round in a lower court.
A loss for PepsiCo in the case could particularly expose industries such as pharmaceuticals and technology to higher royalty taxes, and may determine the extent to which Australia can use its diverted profits tax.
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced two countries have been added to the Financial Action Task Force (FATF) watchlist, while another has been removed.
The US is trying to get UAE to collaborate with American tech companies and distance itself from China in its technological collaborations especially when it comes to AI. As a result, several American
On Friday, German Finance Minister Christian Lindner issued a warning about the dangers of a potential trade war between the United States and the European Union. Speaking at the International Monetary
With applications surging at an average growth rate of 14.3% between 2013 and 2023, Antigua & Barbuda’s Citizenship by Investment program (CIP) is slated to see a significant increase in application