Yukos &#39;faces increased tax bill&#39;
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Russian tax authorities have slapped oil giant Yukos and its main production unit with two new tax claims, raising the company&#39;s total bill to more than $17.
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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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Mobile operator Vimpelcom is the latest Russian firm to be hit with a heavy bill for back taxes
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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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Jailed Russian oil magnate Mikhail Khodorovsky says he expects he will lose control of the giant oil firm Yukos because of the company&#39;s current tax bill totaling more than $7 billion.
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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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Beleaguered Russian energy giant Yukos has warned that it will not produce as much oil as expected this year. It blames bailiffs who are draining its bank accounts to pay its potentially ruinous tax bill.
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Embattled Russian oil giant Yukos was ordered to pay over â¬1.1bn in fines and penalties today as part of a â¬3.31bn back-tax claim for 2001.
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The protracted legal battle over Russian oil giant Yukos appeared to enter its final phase yesterday 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 Federal Tax Service slapped Yukos with a $4.1 billion back-tax bill for 2001 on Friday, $700 million more than its original claim, which was announced July 1. The amended bill, the
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Shares in Russia&#39;s No. 1 oil producer, Yukos, plummeted Tuesday on news that tax authorities had served the company with fresh back tax bills for nearly $10 billion US, bringing the company&#39;s total tax debt to some $17.
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The Russian oil giant Yukos substantially increased the reserve estimates Friday for its biggest subsidiary, one currently being appraised for sale by the government.
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The Russian government is demanding a total of $4.09 billion for 2001 from Yukos. Apart from the fines, more than $3 billion in back taxes are being docked from the oil giant&#39;s frozen accounts.
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Chelsea football club&#39;s owner, Roman Abramovich, has been hit with a Â£400m tax bill relating to his Russian oil company Sibneft, according to local reports, raising fears that he could be the next oligarch targeted by President Vladimir Putin in the
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Russia's Yukos has paid $2.2 billion of its $3.4 billion tax bill for 2000, a top Yukos official said today, as he renewed warnings about the company's possible bankruptcy.
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Russian tax authorities slapped oil giant Yukos and its main production unit with two new tax claims for nearly $10 billion, raising the company&#39;s total bill to more than $17.
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Russian regulators voiced their support  for oil major YUKOS's YUKO.MM integrity on Wednesday as it  faced losing its main production unit to pay a huge tax bill  but secured access to vital export slots for its crude oil.