Saudi Arabia sweetens huge Aramco IPO with tax cut

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Saudi Arabia sweetens huge Aramco IPO with tax cut
28 March 2017, Jeddah, Saudi Arabia — Saudi Arabia’s government has cut the income tax paid by national oil giant Saudi Aramco to smoothen the company’s initial public offer of shares next year, which is expected to be the world’s largest equity sale. A royal decree on Monday, retroactive to Jan. 1, set a tax […] More »
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