Derek Leith, head of UK oil and gas taxation at Ernst & Young, said that Aberdeen and other areas of Scotland could become focal points for companies looking to invest in the country, which is expected to generate £84bn in investments by 2015.
A seminar heard that experiences in the North Sea would also be significant in the future development of Kazakhstan’s oil and gas reserves, as well as standing Scotland in good stead for future foreign investment prospects.
Gerard Anderson, E&Y’s tax partner in Kazakhstan, said: ‘The best oil discovery in the world in the past 30 years was made in Kazakhstan and the industry believes more can be found.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements