Transocean's lawyers defend company embroiled in Norway’s biggest ever tax scandal

Salman Shaheen

June 27, 2011

Transocean, the world’s largest offshore drilling company, has been hit with accusations that it dodged tax on NKr10 billion ($1.8 billion) of revenue.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login

More from across our site

Fujiyoshida, Japan Beautiful view of mountain Fuji and Chureito pagoda at sunset, japan in the spring with cherry blossoms

Japan set to reap benefits of tax windfall

Japan reports a windfall from all types of taxes after the government revised its stimulus package. This could lead to greater corporate tax incentives for businesses.

Danish Mehboob, July 04, 2022

Coin-operated binoculars looking out over a mountain landscape

EU tax advice rules may narrow scope of DAC6 disclosures

Sources at Netflix, the European Commission and elsewhere consider the impact of incoming legislation to regulate tax advice in the EU – if it ever comes to pass.

Danish Mehboob, July 04, 2022

This week in tax: EU officials consider loopholes to minimum tax

This week European Commission officials consider legal loopholes to secure minimum corporate taxation, while Cisco and Microsoft shareholders call for tax transparency.

Josh White, July 01, 2022

McDonald’s court settlement makes case for TP reviews

The fast-food company’s tax settlement with French authorities strengthens the need for businesses to review their TP arrangements and documentation.

Leanna Reeves, June 30, 2022

Brazil’s tax authority unveils game-changing TP plan

The full ALP model will be adopted through a new TP regime, which is set to boost the country’s investments and tax certainty.

Leanna Reeves, June 30, 2022

Experts say UK online sales tax would hold back businesses

Tax professionals have called on the UK government to reconsider its online sales tax as it would affect the economy at the worst time.

Siqalane Taho, June 29, 2022

E-invoicing compliance demands company attention: tax experts

Tax professionals have called on companies to act urgently to meet e-invoicing compliance targets as the EU plans to ramp up digitisation.

Siqalane Taho, June 29, 2022

Sponsored

Looking inward and outward – ITR’s India Special Focus launched

In the wake of India’s ambitious 25-year plan for economic growth, ITR has partnered with leading tax commentators to discuss what the future will look like for India and for the rest of the world.

Alice Jones, June 29, 2022

LONDON, UK - January 24th 2019: HMRC, Her Majesty's Revenue and

HMRC reports £32bn tax gap for FY 2020-21

But experts cast doubt on HMRC's data and believe COVID-19 would have increased the revenue shortfall.

Leanna Reeves, June 27, 2022

EY’s ‘Project Everest’ could boost business but not the brand

EY’s plan to separate its auditing and consulting businesses might lessen scrutiny from global regulators, but the brand identity could suffer, say sources.

Danish Mehboob, June 27, 2022