With the prices of crude oil hovering near $50 per barrel and no bottom in sight, economists and tax professionals say that the reliance on oil sales could leave the six countries of the Gulf Cooperation Council (GCC) over-exposed to price fluctuations.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
The flagship 2025 tax legislation has sprawling implications for multinationals, including changes to GILTI and foreign-derived intangible income. Barry Herzog of HSF Kramer assesses the impact
Rolling out the global minimum tax has increased complexity, according to Baker McKenzie; in other news, Donald Trump has announced a 25% tariff on countries doing business with Iran