Yukos oil company's appeal of tax claim postponed until next month
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MOSCOW  - The Yukos oil company's appeal of its crushing 2000 back-taxes bill was put off until next month, the Interfax news agency reported Tuesday.
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The protracted legal battle over Russian oil giant Yukos appeared to enter its final phase Friday when the government set a date to auction off a majority stake in the company's richest energy fields and demanded another $6 billion in back taxes from a business already facing a crippling $14 billion bill for outstanding taxes and fines.
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The Yukos oil company has filed for bankruptcy in the United States and appealed for a temporary restraining order against the auction of its main production unit that is scheduled for Sunday &#151; dramatically challenging the Russian government to enter arbitration proceedings.
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Russian oil and gas company Yukos has suffered another setback in its battle to avoid paying billions of dollars in back taxes and avoid bankruptcy.
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Millions of Americans will have to delay filing their tax returns next year until mid-February -- a month later than usual -- because Congress took so long to repair the alternative minimum tax.
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MOSCOW : The battered Russian oil giant Yukos said a Moscow court had frozen its 34.5 percent stake in rival Sibneft, halting a reversal of their merger that would provide cash for Yukos to settle massive tax bills.
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MOSCOW: Embattled Russian oil major Yukos should hear later today whether a United States bankruptcy court will back its last-ditch attempt to halt the sale due on Sunday of its main production unit.
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A Russian court yesterday rejected the Yukos oil company's appeal to suspend government efforts to collect $3.4 billion in back taxes -- a massive bill that has put Russia's largest oil producer on the verge of ruin.
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3 September 2004 -- Russia&#39;s tax authorities have given Yukos another bill for back taxes that is higher than the oil company expected.
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The Russian oil giant Yukos said on Friday that management was putting together an emergency plan to continue running the company for a few months, even after the auction of its prize asset next month.
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MOSCOW -- Russian oil company Yukos suffered a fresh setback yesterday in its survival struggle against multibillion-dollar tax bills when one of its appeals was thrown out and another adjourned by a Moscow court.
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Yukos can succeed in postponing the auction of Yuganskneftegaz on December 19 if the court rules in its favor in the case where the Russian oil giant seeks US Chapter 11 bankruptcy protection.
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Yukos is calling for an extraordinary shareholders meeting Dec. 20 to consider whether to file for bankruptcy under the crippling weight of $14 billion in outstanding tax claims, or to pave the way for an
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MOSCOW The chief financial officer of Yukos, Russia&#39;s embattled oil company, said Thursday that he had delayed his return to Moscow indefinitely after Russian prosecutors had summoned him for questioning.
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The core shareholder group of the Russian oil company Yukos has launched legal proceedings against the Kremlin under the international energy charter and says it will sue the company that wins its main production unit at auction next month, in a last
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MOSCOW -- Russian tax authorities on Friday scheduled the equivalent of a fire sale at what was once the nation&#39;s largest oil company, offering the main production facility at Yukos Oil for auction next month at a fraction of its value.
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Yukos, the Russian oil giant, could be forced to halt production because of a new court order, the company says.