In new tax scheme, Saudi Aramco could be worth $1.4 trillion

March 28, 2017 / By Surprise Valley Resources

Saudi Arabia’s move to reduce its state-run oil company’s tax rates could lift the value of Saudi Aramco by $1 trillion in its upcoming initial offering, Rystad Energy said Tuesday. The Kingdom said earlier this week it would cut Saudi Aramco’s tax rate from 85 percent to 50 percent, giving future shareholders a larger take …
Source: FuelFix