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Exxon Lawsuit

Exxon LawsuitExxon Lawsuit

ExxonMobil filed a complaint against Russia claiming it overpaid $500 million in value added tax on the Sakahlin-1 project, after the rate was reduced in Russia from 35 percent to 20 percent. The American oil giant says its subsidiary Exxon Neftegas paid the extra money during the last six years, RT reported.

 

Financialtribune.com