Tullow Oil launches appeal against Ugandan tax authorities

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Tullow Oil launches appeal against Ugandan tax authorities

July 23 2014
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Oil and gas exploration company, Tullow Oil, has lost a case in the Ugandan Tax Appeals Tribunal (TAT) over a disputed capital gains tax (CGT) assessment of almost $500 million. The tribunal questioned the legality of a CGT exemption granted by the country’s former energy minister.

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