PepsiCo Discloses $237 Million Russian Income Tax Payment (1)

PepsiCo Inc. paid Russia $237 million in income taxes last year, the company disclosed as it revealed to investors its tax contributions outside the US for the first time.

The food and drink supplier paid $1.1 billion in US federal taxes last year, in addition to $424 million in Ireland and $313 million in Mexico, according to its latest 10-K filing published Tuesday.

PepsiCo said countries’ adoption of the Organization for Economic Cooperation and Development’s rules for a global minimum tax, which imposes a minimum corporate income tax of 15% in every jurisdiction in which a ...