Algeria
The UK tax agency dished out £153 million in VAT penalties last year; in other news, Bird & Bird and Pérez-Llorca have made strategic tax hires
Mærsk Oil and Gas has lost its battle with the Danish Tax Agency over its transfer pricing arrangements with subsidiaries in Algeria and Qatar.
Mærsk Oil and Gas, now owned by French company TotalEnergies, will face off against the Danish Tax Agency in their long-running TP dispute.
With carbon taxes expected in the global shipping industry, onlookers say the costs of climate inaction would only be worse.
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Sponsored by Deloitte Transfer Pricing GlobalAs resource-rich Middle Eastern governments suffer a decline in oil revenues, many governments are reforming transfer pricing (TP) regulations to limit capital flight. Deloitte’s Shiv Mahalingham, Alena Kovalova and Claire Boushell discuss the regional regulatory trends.
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