Venezuela windfall oil tax to hit private firms
Posted by on April 9th, 2008 at 04:19pm
Finance, Economy-Business News, Stock Market wrote an interesting post today on
Here’s a quick excerpt
Venezuela windfall oil tax to hit private firms April 10th, 2008 CARACAS (Reuters) - Venezuela’s planned windfall oil tax will be levied on all private companies operating in the country and will bring in several billion dollars a year, Venezuela’s oil minister said on Wednesday. The government of leftist President Hugo Chavez last week announced that the new tax will take 50 percent of oil revenues above $70 per barrel and 60 percent of revenues above $100 per barrel in efforts to boost go
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