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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Oil companies are required global tax 35% of the profits

    Rocky
    Rocky
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    Oil companies are required global tax 35% of the profits  Empty Oil companies are required global tax 35% of the profits

    Post by Rocky Mon 14 Apr 2014, 6:50 am

    Oil companies are required global tax 35% of the profits


    2014-4-14

    Follow-up / newspaper rectitude - required the Iraqi Ministry of Oil companies investing in Iraqi fields to pay a tax of up to 35% of the profits earned.
    The agent said the oil minister for the liquidation Fayyad Hassan said: "The ministry has contracted with global companies specializing in drilling, transport and construction of reservoirs of oil and other oil operations other to develop its oil fields, because of our inability to raise oil production to more than 500 thousand barrels."
    He added that "the contracts signed with international companies reflected positively on the oil sector and economic," noting that "those contracts require companies to pay a bonus to sign and which are different amounts of the contract to another, in addition to the tax implications of each company and by up to 35% of profits the company. "
    Hassan pointed out that "investment companies specific ceiling for the disbursement of funds for the specific purpose and can not go beyond that, and in this case exceeded the ceiling The ministry has the right to stop the contract."
    He continued, "Every dollar you pay in fees the government service retrieves her by (51.25 cents) of the net profits of the company due to the service provided, and the companies' share shall be (48.75 cents), as well as a partner of government, each holding an investment in an oil or gas, gets 20% of the profits earned. "

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