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PepsiCo Owes $2.1M In Tax Penalties, Illinois Panel Affirms

By Lauraann Wood ( May 1, 2025, 7:30 PM EDT) -- 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....

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