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Maroc - KAIETEURNEWSONLINE.COM - A la Une - 12/Feb 11:44

Oil contract: the taxation article

Dear Editor Article 15, otherwise known as the Taxation Article, is 4-pages long and is part of the 114-page PSA (Production Sharing Agreement), better known as the Oil Contract. There is both good and bad stuff there. Let’s take a look. Article 15.2 says, (to paraphrase), Contractor [Exxon] is subject to the income tax laws […]

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