Update 1: Report: Tax Bill Presented to Yukos Unit
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The key production unit of beleaguered Russian oil giant Yukos was handed a back taxes bill for nearly $1 billion, the Interfax news agency reported Wednesday, apparently increasing the likelihood that the unit would be sold at auction.
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Oil giant Yukos has its tax bill for 2001 upped by Russia's tax ministry, a move that may push it closer to bankruptcy.
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Russian officials demanded up to $10 billion in additional taxes from Yukos and its soon-to-be-sold main unit on Monday, pushing the debts of Russia&#39;s embattled No.
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Russian oil major YUKOS (YUKO.RTS: Quote, Profile, Research) is prepared to pay $8 billion in tax liabilities by July 2006 to avoid bankruptcy, YUKOS Chairman Viktor Gerashchenko said on Thursday.
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MOSCOW : Russia&#39;s justice ministry announced plans to sell a part of the Yukos oil giant to cover the company&#39;s outstanding back taxes, officials said.
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On Monday, November 1, the Russian Tax Ministry presented embattled Yukos Oil Company with additional tax claims worth $10 billion, bringing the oil companyâs total tax bill to $17.
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MOSCOW  - Russia's Tax Ministry raised its tax bill for 2001 against the floundering Yukos oil giant by some &#36;700 million US, bringing total back tax claims against the nation's biggest oil producer to &#36;7.4 billion US, the company said Friday.
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Reports of a new tax claim dealt a blow to Yukos on Monday, as the embattled oil major announced it would cut this year&#39;s oil output forecast and defer certain tax payments because of a lack of cash.
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Beleaguered Russian oil giant Yukos on Monday faces a court-imposed deadline to pay a multi-billion dollar tax bill.
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Russia pressed ahead on Friday with the last step in the destruction of oil major YUKOS, saying it will auction its main Siberian unit on Dec. 19 for $8.65 billion and hit it with a new tax claim.
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The Russian Tax Ministry said Friday that oil giant Yukos owes another 119.887 billion rubles (some 4.1 billion US dollars) in back taxes for the year 2001.
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US investment bank JP Morgan Chase has reportedly carried out an assessment of the value of the core production unit of Russian oil giant Yukos and sent its conclusions to the embattled firm.
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MOSCOW -- Beleaguered Russian oil company Yukos said yesterday that it had reduced its crude output forecast for the year as bailiffs continued to collect cash against the company's crushing back taxes bill from its frozen bank accounts.
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Russian oil company Yukos said yesterday it would be able to cover only half of its $3.4 billion back tax bill by its deadline at the end of August but it would continue making payments in September.
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MOSCOW Yukos, Russiaâs largest oil producer, had another bad news day Friday as its huge tax bill ballooned again. The Tax Ministry raised its claim against Yukos by $700 million for 2001, bringing the total
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Talk intensifies that oil company will sell its key Siberian unit for low price to pay back taxes. MOSCOW  - Shares of Russian oil company Yukos fell Monday as fears intensified that the firm&#39;s key
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Russian authorities have assessed a new tax claim for $114 million on one of Yukos' smaller subsidiaries, the Interfax news agency reported Thursday, in the latest legal assault against the embattled Russian oil giant.