BP joint venture attracts Russian authorities
TNK-BP, a joint venture with British oil giant BP, is the subject of a Russian tax authority probe.
TNK-BP, a joint venture with British oil giant BP, is the subject of a Russian tax authority probe.
Link:M/b> Russian oil giant hit with £1.9bn tax bill
An official at TNK-BP has confirmed that it has been billed 2.5bn roubles (£47m) by the Russian tax authorities, according to Reuters.
The news follows similar probes by authorities in oil giant Yukos’ tax arrangements, which has resulted in an ongoing tax fraud trial.
‘We have been presented with this demand as a result of checks into our 2001 accounts, but we are going to object to them, since we believe that some parts of these demands are unfounded,’ Reuters quoted the TNK-BP spokesman as saying.
The numbers you crunch tell a story. Your expertis...
20yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article