Moody's welcomes Russian oil profit-based tax introduction [Reuters]
Moody's Corporation (MCO)
Last moody's corporation earnings: 4/30 07:00 am
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Source: Reuters
NK Rosneft' PAO (ROSN.MM) Key Developments | Reuters.com MOSCOW, Jan 16 (Reuters) - Moody's Investors Service says::The introduction of a profit-based taxation (PBT) system for selected Russian oil fields from Jan. 1 2019 is credit positive for the industry because it will incentivise the development of deposits that were previously uneconomical;.The PBT system will result in a lower tax burden for companies during the initial stages of the development of greenfield projects and also higher after-tax revenues (netbacks) for both eligible brownfields and greenfields following their ramp up;.Estimates that by company the percentage of crude oil production subject to the PBT system will range from 10 percent to 30 percent by 2020-24.. Reuters, the news and media division of Thomson Reuters , is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to profes
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MCO
News
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MCO
Earnings
- 5/3/24 - Beat
MCO
Sec Filings
- 5/9/24 - Form 4
- 5/6/24 - Form 8-K
- 5/2/24 - Form 10-Q
- MCO's page on the SEC website