Search results for

The latest international updates from our correspondents around the world.

Internationaltaxreview.com has an exciting new feature. Live-chat or leave us a message now!

Mark Lindley, director of tax at the Qatar Financial Centre (QFC), provides an overview of tourism taxation in the Gulf Cooperation Council (GCC), looking at levies in countries across the region and assessing the extent to which such levies restrain the sector.

Ricardo Rendón of Chevez, Ruiz, Zamarripa y Cia. provides a commentary on the most important challenges multinational enterprises (MNEs) are facing in Mexico. Taxpayers performing transactions with foreign related parties, in particular, should take note.

In the first of a series of updates on intangibles valuation and intellectual property (IP) assets, Philip de Homont, principal at NERA Frankfurt, and Alexander Voegele, chairman of the firm’s advisory board, look at issues related to multiple economic ownership of intangibles.

A turbulent year for the energy sector has seen oil prices decreasing by more than half from June 2014 to the beginning of 2015 and brent crude oil dipping below $50 a barrel for the first time since May 2009. This volatility has caused longer term, widespread repercussions across the industry. Jimmie van der Zwaan from Taxand Netherlands looks at some of the consequences impacting the sector, including an increase in M&A activity, tax concessions instigated by governments and major oil companies announcing ravaged profits - and this is before considering the gathering momentum of the OECD's initiatives to tackle base erosion and profit shifting (BEPS) in international tax planning.

Balance has been a big theme this month. And not just because it saw the 66th birthday anniversary of Philippe Petit, the French high-wire artist who gained fame in 1974 for his high-wire walk between the Twin Towers of New York's World Trade Centre, popularised in the 2008 British feature film 'Man on Wire'.

See who has done the tax work on this month’s biggest deals

The European Commission (EC) has ordered France to recover €1.37 billion ($1.50 billion) from Électricité de France (EDF), the energy company, for tax breaks given to the company in 1997.

Entities in Luxembourg (and Mauritius) now have an extra month to submit their first FATCA report Luxembourg extended the deadline for financial institutions to submit their first report under the US Foreign Account Tax Compliance Act (FATCA). Mauritius has also announced a similar extension.