date:Sep 27, 2012
bject to corporate income tax from 1998 to 2002 totaling circa. $200m.
PepsiCo Puerto Rico also owed circa. $165m for the same taxable period, the IRS claimed.
Race with Coca-Cola
Judge Joseph Goeke explained in a complex, 99-page ruling , that, prior to US Dutch tax treaty agreement changes in 1996, PepsiCo had developed foreign partnerships controlled by Dutch Antillean subsidiaries, covering Poland, Germany, France, the Czech Republic, Spain, Slovakia, Hungary and China.
By the mid-1990s