Shell wins tax battle against Indian authorities

Oil giant Royal Dutch Shell has won a long-running court battle against Indian authorities over a tax dispute involving billions of dollars.

For companies, a rocky road ahead in emerging markets

(Reuters) - International companies are taking steps to mitigate the effects of the turmoil in emerging markets, including hedging foreign currency exposure more aggressively, reducing some investment plans, cutting costs, and raising prices frequently.

Foreign firms could owe UK £11bn in unpaid taxes

Foreign companies, including Starbucks and Google, could be responsible for as much as £11bn in unpaid British taxes, it has been disclosed.HM Revenue & Customs has identified £25bn of unpaid taxes that may have been wrongly withheld by corporations, of which almost 44pc are overseas companies, according to Pinsent Masons, the tax specialists.