Paying Exxon’s taxes costs Guyana more than the Royalty it collects

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…collected US$21.2M in first year, pays US$27.5M to GRA for oil companies Kaieteur News – Guyana under the production sharing agreement with ExxonMobil Guyana agreed to pay among other things, the income taxes to be paid by the oil companies and as such in the first full year of production, accumulated payments to the Guyana […]

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