PepsiCo Loses Another Frito-Lay Tax Deficiency Fight In Ill.

By Lauraann Wood · February 26, 2026, 10:39 PM EST

An Illinois state panel affirmed a trial court's finding that PepsiCo improperly excluded Frito-Lay profits from state income tax calculations by factoring expatriates' foreign payroll into its considerations, handing the company...

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