PepsiCo was correctly assessed $2.1 million in penalties for categorizing Frito-Lay expatriates’ compensation as foreign payroll that would allow the company’s profits to be excluded from state income tax calculations, according to an Illinois Appellate Court panel.
PepsiCo Owes $2.1M In Tax Penalties, Illinois Panel Affirms
by usoftax_admin | May 1, 2025 | Tax News