ExxonMobil Entitled to Tax Refund Based on Qatar Gas Partnership
Exxon Mobil Corp. is entitled to deduct interest payments it made to Qatar from its US taxes because the company performed qualifying production payments through Al Khaleej Gas, its partnership with the country, a Dallas federal court said Thursday.
The IRS must allow ExxonMobil’s claimed refund because AKG is a valid partnership and its production payments are properly treated as mortgage loans under tax code Section 636(a), the US District Court for the Northern District of Texas said. In treating the payments as mortgage loans, any interest paid by ExxonMobil to Qatar is tax deductible, Chief Judge
Related
Qatar’s Ooredoo reports $4.85 billion revenue in first nine months…
EBITDA rose by 4 percent to $2.11 billion, resulting in an EBITDA margin of 44 percent Doha-based telecom company Ooredoo has announced its financial results fo
Hamas rejects proposal for 30-day Gaza ceasefire | Semafor
Hamas on Thursday rejected a new proposal brokered by Qatar, Egypt, and the US for a 30-day ceasefire in Gaza.The proposal would have seen the release of a smal
Argentina, Spain storm into World Padel quarters
Qatar players in action during their tie against Uruguay. Doha, Qatar: World Champions Argentina and four-time winners Spain stormed to the quarter-fin
Qatar Duty Free opens Le Petit Camion at Hamad International…
Qatar Duty Free (QDF) has introduced Le Petit Camion, a renowned local coffee shop, with a refreshed look and new menu offerings, at Hama
