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Gulf Research Center Foundation in Riyadh
Saudi Aramco Tax Cut to Prepare Oil Producer for Giant IPO
published Mar 28th 2017, 2:51 am, by Wael Mahdi (Bloomberg) — Saudi Arabia slashed the tax rate paid by state oil producer Saudi Aramco, a key milestone in preparing the company for what may be the world’s biggest initial public offering. Aramco’s income tax, paid on the company’s profit, is