All eyes on energy in the developing world

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

All eyes on energy in the developing world

Energy has always been one of the most dynamic and politicised industries in trade.

While the focus on energy centres has historically and periodically shifted, from the Middle East to China and East Asia, consumption and production habits have consistently dictated movement in almost every other market.

A downturn in Chinese construction activity can dampen resource-rich Australia's tax revenues, while geopolitical uncertainty on the Arabian Peninsula can do anything from breaking a European airline to pushing up the price of an American cheeseburger.

While external threats may move markets in the short-term, the global economy faces more seismic shifts in conscious consumption habits as conversations surrounding sustainability and finite resources become increasingly louder, particularly in the developed world where economies have hit an apex and become net-importers of resources, and as the developing world's development becomes increasingly dependent on the income generated through the export of such commodities.

The subsequent power imbalance created between the haves and have-nots of energy have created regional powers where there were none, while created development headaches for states traditionally dependent on the revenue generated by the resources trade.

For tax advisors, the challenges are no less complex, for the globalised nature of energy discovery, excavation, transportation and consumption creates a cat and mouse chase between multinationals and tax authorities each looking for their eureka moment.

Amid all this change, International Tax Review, in conjunction with Deloitte, is pleased to present the Transfer Pricing Energy and Resources (E&R) guide for 2019 to provide a compendium of all the regulatory tax issues afflicting budding global energy markets globally.

Dan Barabas

Commercial editor

International Tax Review

more across site & shared bottom lb ros

More from across our site

Kingsley Napley’s claimants are arguing that taxing the provision of education breaches the European Convention on Human Rights
While pillar two can progress without the US, it won’t reach the same heights without American involvement, argues Renáta Bláhová, founding partner of BMB Partners Taxand
There are unanswered questions as to how foreign investors could reclaim money via tax credits, advisers suggested
Amid an ever-changing tax environment, India’s advisory market is bustling with competition ahead of the 2025 World Tax rankings and ITR Awards
The deal comes after PwC had accused Paul McNab of using confidential information; in other news, McDermott hired a new London tax head from a US rival
Looking at transfer pricing simplification is “obviously helpful”, but it should be done in line with current standards, a senior government figure reportedly said
The UK Government’s plans to close the tax gap via increased HM Revenue and Customs investment have failed to impress local tax advisers
Under the merged scheme for R&D tax relief introduced last year, rules on contracted out R&D have changed. James Dudbridge argues for a proactive approach when reviewing companies’ commercial arrangements
Cultural nuances could account for tax advisers’ perceived poor cost management, a local partner told ITR
Updated rules represent a significant shift in the Luxembourg TP landscape and emphasise the need for robust arm’s-length calculations, says Vanessa Ramos Ferrin of TransFair Pricing Solutions
Gift this article