The Mexican government is withholding tax rebates to companies such as Procter & Gamble, Colgate and Unilever worth hundreds of millions of dollars, according to reports.
Oriflame has confirmed that Russian authorities have seized papers from its Russian headquarters in Moscow as part of an ongoing tax probe in the country.
The Brazil-based cosmetics company has been given a hefty fine after the government accused it of tax avoidance, a move that has sent share prices tumbling.
Revlon has reported a healthy growth in sales for its third quarter on the back of a particularly strong performance in the US market, but net profits are hit by a substantial tax bill.
