The Organisation for Economic Co-operation and Development (OECD) is set this week to unveil a radical overhaul of international taxation. According to our latest International Business Report (IBR), a quarterly survey of 2,580 businesses in 35 economies, 74% of businesses would welcome more global cooperation and guidance from tax authorities. They’d like to know what’s acceptable and unacceptable tax planning, even if this provided less opportunity to reduce tax liabilities. So will the Base Erosion and Profit Shifting (BEPS) Action Plan result in a tax system that’s fairer, more efficient and more understandable? What are the risks and opportunities that may arise?
Relocation and restructuring can deliver significant commercial, operational and tax benefits and it isn’t just large multinationals who are on the move.
F&B companies are using international expansion to chase profits globally.
In the years leading up to the financial crisis, investors from developed economies poured money into emerging economies looking for big returns from in the world's fastest growing markets. But now investment is increasingly flowing from 'East' to 'West' as emerging markets slow, boosting the growth prospects of real estate and construction (REC) businesses in Europe and North America.
More businesses are spurred on by a ‘fear of missing out’ (known colloquially as ‘FOMO’) than by a positive desire for growth when expanding abroad, according to new research from Grant Thornton's International Business Report (IBR). Business leaders are a fifth more likely to expand when presented with a negatively framed scenario than with the exact same scenario that was framed positively.
Effective management of country-by-country reporting is going to require a new way of looking at transfer pricing
Dominic King, Editor - global research, draws on a session at the 2015 IMF/World Bank Spring Conference to ask why regional trade deals are trumping a multilateral agreement and how the digital economy is reshaping globalisation.
The European Commission unveil plans to combat corporate tax avoidance and tackle businesses exploiting the complexity of tax rules.
There are a number of cost and commercial reasons why a group may consider relocating, but it is also important to understand the consequences.
Companies are increasingly focused on high-quality strategic transactions, with less time spent on investigating peripheral opportunities, according to our International Business Report (IBR), a survey of 5,400+ business leaders in 35 economies.
Food & Beverage (F&B) executives globally are ready to expand via exports. This is especially clear here in Europe, where in 2013 the EU28 became the world’s top exporter of agricultural and food products, outperforming the United States, Brazil, China and others.
Grant Thornton article discussing the impact of the Foreign Account Tax Compliance Act (FATCA) on non-US companies.
Profitably growing a Food and Beverage company today is more difficult than ever – yet opportunities have never been greater.
Businesses in the world’s three biggest economies, the United States, China and Japan, are increasingly feeling the heat when it comes to recruiting skilled staff. Given that these countries together represent over a third of global output, a deficit of skilled staff could have a significant knock-on effect on economic growth not just in these economies but beyond.
Ed Nusbaum, global CEO of Grant Thornton, discusses the Q3 global economic outlook and finds the slowdown in Germany threatening eurozone and world growth prospects.
Recession, economic uncertainty, and market volatility have forced many miners out of the industry and brought others to the point of insolvency.