Ocean Tomo, a part of J.S. Held contributed to the case of PepsiCo, Inc. v. Commissioner of Taxation [2023] FCA 1490 on behalf of the Commissioner of Taxation who was successful in the proceedings.
JERICHO, N.Y., Feb. 8, 2024 /PRNewswire-PRWeb/ -- Global consulting firm J.S. Held proudly announces that experts in the intellectual property (IP) practice, including Jim Malackowski, Greg Campanella, and Noor Al-Banna contributed to the case PepsiCo, Inc. v. Commissioner of Taxation [2023] FCA 1490 in the Federal Court of Australia.
Ocean Tomo, a part of J.S. Held was engaged by Australian law firm MinterEllison on behalf of the Commissioner of Taxation who was successful in the proceedings. This decision confirms PepsiCo, Inc. is liable for royalty withholding tax and, in the alternative, diverted profits tax would apply. This is the first time an Australian court has considered the diverted profits tax – a new law which aims to prevent the diversion of profits offshore.
James E. Malackowski, CPA, CLP, is a Co-founder and Senior Managing Director of Ocean Tomo, a part of J.S. Held. Along with Supreme Court Justice Stephen Breyer, Mr. Malackowski was inducted into the IP Hall of Fame in 2022, chosen by the IP Hall of Fame Academy from a longlist of nominees put forward by the global IP community. Mr. Malackowski was recognized by the Academy in 2022 with the Q. Todd Dickinson Award, which honors those who have made significant contributions to IP as a business asset.
Greg Campanella, CLP, is the Senior Managing Director responsible for leading the Management Consulting & Valuation practice of Ocean Tomo, a part of J.S. Held. Mr. Campanella's work is focused on strategic advisory and the valuation of intellectual property for acquisitions and divestitures, bankruptcy and restructuring, monetization strategies, mergers and joint venture/partnership formation, litigation support, financial reporting, and tax matters.
Noor Al-Banna, CFA, CLP, is a Senior Director in the Management Consulting and Valuation practice of Ocean Tomo, a part of J.S. Held. Noor's experience includes strategy, valuation, and transaction advisory assistance to public and private companies in a wide range of industries, including energy, clean-tech, life sciences, internet technology, retail, aerospace, and sustainable materials and production, among others. His analyses have been used to support IP monetization, M&A, divestitures, bankruptcy & restructuring, IP licensing, JV formation, litigation, financial reporting, and tax matters.
Diverted Profits Tax (DPT) is an area of focus for multinational enterprises and tax authorities. To learn more about the intellectual property licensing & management factors related to royalty withholding tax (RWT) and DPT in various forms, visit: https://oceantomo.com/insights/diverted-profits-tax.
About Ocean Tomo, a part of J.S. Held
Ocean Tomo provides Expert Opinion, Management Consulting, Advisory, and Specialty Services focused on matters involving intellectual property (IP) and other intangible assets. Practice offerings address economic damage calculations and testimony; business licensing strategy and contract interpretation; patent-focused business intelligence; portfolio development strategy; litigation support; trade secret reasonable measures; asset and business valuation; strategy and risk management consulting; merger and acquisition advisory; debt and equity private placement; and IP brokerage. Subsidiaries of Ocean Tomo include Ocean Tomo Investments Group, LLC, a registered broker-dealer.
As a part of J.S. Held, Ocean Tomo works alongside more than 1500 professionals globally and assists clients – corporations, insurers, law firms, governments, and institutional investors – on complex technical, scientific, financial, and strategic matters across all assets and value at risk.
About J.S. Held
J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.
J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held is not a law firm and does not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.
Media Contact
Kristi Stathis, J.S. Held, 772-294-4360, [email protected], JSHeld.com
SOURCE J.S. Held
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