Report: Yukos Is Hit With New Tax Claims
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MOSCOW - 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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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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Yuganskneftegas - went under the auctioneer&#39;s hammer on Sunday - seized by the government to recoup some of the vast tax debts it says Yukos owes.
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RUSSIAN OIL FIGHT: The main production subsidiary of oil giant Yukos, Yuganskneftegaz, is scheduled to be auctioned off by the Russian government on Sunday to pay off &#36;28 billion in back taxes it says Yukos owes.
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Russia&#39;s Tax Ministry has slapped Yukos with a collection order on part of a back tax claim, raising the total due to $6.1 billion, the embattled company said Tuesday.
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Russia&#39;s Tax Ministry yesterday charged OAO Yuganskneftegaz, the biggest production unit of OAO Yukos Oil Co., with 27.8 billion rubles ($951 million) in unpaid taxes for 2002, a Yukos official said.
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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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Yukos shares plunged 18% on the Russian exchange yesterday after reports that the oil firm has been hit with another back-tax bill, bringing its total debt to $17bn (Â£9.
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More than 75 percent of the beleaguered Yukos oil company's 2000 tax debt has been recovered from the company, a Justice Ministry official was quoted as saying Wednesday.
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Despite reports that the beleaguered oil giant Yukos could receive yet another back tax bill in addition to the &#36;7.5 billion in claims it already faces, the company's stock rallied slightly Thursday on a new statement by President Vladimir Putin that he is not seeking the company's bankruptcy.
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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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YUKOS has reported a net loss of US$2.65 billion (£1.45bn) for the first half of 2004, a period of record oil prices, prompting speculation that the Russian oil firm is on the verge of declaring bankruptcy.
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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 main shareholder of Russia&#39;s giant oil firm Yukos is reported to have filed suit for compensation from the upcoming forced sale of the company&#39;s top production unit.
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The Moscow Arbitration Court ruled Monday that the embattled oil giant Yukos must pay some $1.4 billion in fines and penalties as part of a $4.1 billion back-tax claim for 2001, the Interfax news agency reported.
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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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Russian officials are reported to have collected most of the tax debt that the troubled oil firm Yukos owes for the year 2000. A Justice Ministry official was quoted Wednesday as saying bailiffs have collected $2.