Alfa-Access-Renova (AAR), the consortium representing BP’s Russian
billionaire co-owners in TNK-BP, is accusing the British oil giant for secretly
working with the Kremlin to force the sale of AAR’s stake to Gazprom.
AAR has threatened legal action if the remaining directors of
TNK-BP Holdings (TBH) take
decisions that are opposed by the Russian partners after four TBH directors
stood down yesterday, The Times reports.
BP’s senior management, accepts control of TNK-BP will pass to the Russian
state, leaving BP with a minority stake.
TNK-BP has been the victim of a sustained campaign of attacks in recent
weeks, including raids on its offices by tax and security agents, environmental
investigations and visa problems.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team