Generation
Tullow Oil exempt from $320 mln tax after ICC ruling on Ghana operations
As a result, West Africa-focused Tullow will not have to pay the $320 million BPRT assessment and will not face future BPRT liabilities, the company said.
BPRT is a tax on the profits that a foreign business makes in a country and then remits (transfers) back to its parent company abroad.
Tullow is still in discussions with the Government of Ghana to resolve two other tax claims.
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