News in brief…8 November 2024

High Court grants ATO special leave to appeal PepsiCo decision; ASIC consults on sustainability reporting regime guidance.

High Court grants ATO special leave to appeal PepsiCo decision The High Court of Australia has granted the Australian Taxation Office (ATO) special leave to appeal from the Full Federal Court in the PepsiCo case. The application was made in August 2024 in respect to the  Full Federal Court decision in PepsiCo, Inc. v Commissioner of Taxation [2024] FCAFC 86. In the Full Federal Court decision, the Court found that PepsiCo was not liable for royalty withholding tax and that the divert...

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Published Date: 08 November 2024