The Australian Taxation Office (ATO) recently announced a decision in its favor regarding the diverted profits tax. This is the first time a Court has considered the 40% diverted profits tax, which has been applied since 1 July 2017 for multinationals with global revenue of AUD 1 billion or more (Significant Global Entities - SGEs). --- ATO welcomes decision in Pepsi vs Commissioner of Taxation Court decision in Diverted Profits Tax case. The Australian Taxation Office (ATO) welcomes the decision by the Federal Court in relation to PepsiCo, Inc. v Commissioner of Taxation. The Court delivered an oral judgment yesterday...