Standpoint: The tax context

The last few years of high profile public, media and political attention to international taxation have led to a wholesale revision of the principles which underpin taxation globally, and increasingly also at domestic level. The debate has focussed on the taxation of multinationals, with some emphasis on technology and retail groups (e.g.: Google, Amazon, Apple and Starbucks). But the same considerations are relevant for the extractive industries, and in particular for the oil and gas industry.