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The next 12 months hold a number of opportunities and challenges for Latin America. An estimated 600,000 visitors will descend on Brazil for the FIFA World Cup. They will be joined by television viewers across the globe as Brazil attempts to show the world that despite stadia construction delays and social unrest during the Confederations Cup last summer, it is open for business.

As more and more goods and services are crossing national borders than ever before, and with indirect taxes being adopted by a growing number of tax authorities, international businesses are facing tax issues in many overseas countries - including the possibility of having to account for tax in the country where their customer is located.

Drawing on data and insight from the Grant Thornton International Business Report (IBR), the Economist Intelligence Unit (EIU) and the International Monetary Fund (IMF), The global economy in 2014 answers these questions and more.

The economy of France continues to suffer as the eurozone crisis continues. Following a deep contraction in 2009, the economy recovered robustly, posting seven consecutive quarters of expansion. However, France has stagnated over the past two years as problems in southern Europe intensified, with growth slowing as unemployment and government debt rise.

Five years after the global financial crisis struck, residual effects continue to impact public financial management (PFM) in countries throughout the world.

IAS 39 ‘Financial Instruments: Recognition and Measurement’, the previous Standard that dealt with hedge accounting, was heavily criticised for containing complex rules which either made it impossible for entities to use hedge accounting or, in some cases, simply put them off doing so.

Global tax newsletter is designed to keep you up to date with significant tax developments around the world that impact businesses with cross-border operations. It addresses issues of a global nature as well as domestic tax developments of interest to foreign investors. The newsletter aims to cover tax developments on a regional and international basis.

This guide includes practical guidance on the detection of intangible assets in a business combination and also discusses the most common methods used in practice to estimate their fair value. It provides examples of intangible assets commonly found in business combinations and explains how they might be valued.

Welcome to the fourth edition of Transfer Pricing News. This provides updates on transfer pricing developments from a number of countries across the globe – a necessity in the global economy we all now inhabit.

The appetite for cross-border deals has rocketed by 18% during the past 12 months. This is the key finding from our latest research that looks at attitudes to mergers and acquisitions (M&A) among business leaders worldwide.

The economy of France continues to suffer as the eurozone crisis continues. Following a deep contraction in 2009, the economy recovered robustly, posting seven consecutive quarters of expansion. However, France has stagnated over the past two years as problems in southern Europe intensified, with growth slowing as unemployment and government debt rise.

Our International Business Report with insights gained from in-depth interviews with five senior female executives from around the world, this report looks at the role of education in improving female participation and how this can help boost business growth.

These are the results of the Grant Thornton Global Dynamism Index (GDI) 2013, an annual research project designed by the Economist Intelligence Unit, which ranks the development of the business growth environments of 60 of the world's largest economies over the past 12 months.

Grant Thornton understands that multinational tax challenges are among the most complex and expensive issues facing companies with international operations. And expatriate tax issues are a key consideration for companies working across borders.

Advanced Pricing Agreements (APAs) are helping to alleviate the risk of double taxation. In turn, Mutual Agreement Procedures (MAPs) may offer a smoother path to conflict resolution. But neither is a panacea.

Welcome to the third edition of Transfer Pricing News. This provides updates on transfer pricing developments from a number of countries across the globe – a necessity in the global economy we all now inhabit.