International efforts to crack down on tax avoidance could heap more red tape and costs on the North Sea oil and gas industry, accountancy network RSM has warned.
It surveyed nearly 500 senior bosses in a range of sectors, finding more than three-quarters of UK middle market firms which operate internationally expect to pay more tax as the result of an Organisation for Economic Co-operation and Development (OECD) action plan.
According to RSM, the impact on Aberdeen could be significant due to the large number of medium-sized oil services companies that work internationally through trade, subsidiaries and branches.
