Tax abyss deepens for Yukos
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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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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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Tax officials slapped Yukos core production unit Yuganskneftegaz with a tax claim for $950 million Wednesday and its managers were called in for a license review, in moves that could derail an imminent valuation of the unit.
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LONDON, October 11  - Embattled Russian oil giant, Yukos Oil (YUSA.FSE), has been ordered to pay $1.34 billion in fines and penalties for failing to pay its tax liabilities for 2001 on time.
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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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Yukos suffered a double blow Tuesday when the Moscow Arbitration Court rejected attempts by the oil major to cover part of a $3.4 billion bill in back taxes and postpone collection of the claim.
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A Russian court on Tuesday was to consider the beleaguered Yukos oil company&#39;s appeal to suspend government efforts to collect $3.4 billion in back taxes - a massive bill that has put Russia&#39;s largest oil producer on the verge of ruin.
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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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MOSCOW Yukos, Russia&#39;s largest oil producer, has said that the tax authorities have sent a bill for 2002 back taxes and penalties totaling nearly $1 billion to its largest unit, Yuganskneftegaz.
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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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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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Russian oil giant Yukos suffers another blow in its tax battle after a Moscow court rules it must pay $1.4bn (Â£778m) in fines.
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Russia&#39;s Yukos oil company has paid $2.2-$2.4 billion (euro1.8-1.97 billion) of its $3.4 billion (euro2.79 billion) tax bill for 2000, Yukos&#39; top finance official said Friday, and he renewed warnings that the embattled company was close to
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Russia's Yukos oil company has paid &#36;2.2 billion of its &#36;3.4 billion tax bill for 2000, Yukos' top finance official said Friday, as he renewed warnings that the embattled company was close to bankruptcy.
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Beleaguered Russian oil giant Yukos on Monday faces a court-imposed deadline to pay a multi-billion dollar tax bill. Yukos has been ordered to pay $3.
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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.