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.
Press Release from Carey Olsen, Friday 4 July, 2025. Carey Olsen’s corporate team in the Cayman Islands has advised FIGX Capital Acquisition Corp., a special purpose acquisition company (“SPAC”),
Standard Chartered, KPMG, and the United Nations Office for Disaster Risk Reduction (UNDRR) are urging for a significant increase in the mobilisation of funds for adaptation and resilience, especially
The European Parliament has approved new regulations for cryptocurrency agencies, forcing them to conduct due diligence to fight money laundering. The new rules affect all crypto-asset service providers
It looks like a wealth tax in South Africa is all but unavoidable. While no one knows exactly when it will become a reality, it is probably a good idea to start paying attention now. The writing is