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ANGLO-IRISH COMPANY Tullow Oil says it has settled a long-running tax dispute in Uganda by agreeing to the payment of a $250 million (€219.6 million) bill.
In July 2014, a Ugandan court ordered Tullow to pay $407 million in taxes related to the sale of local assets two years earlier, but the company then sought arbitration to reduce the cost.
“Tullow has agreed to pay $250 million in full and final settlement of its CGT (Capital Gains Tax) liability,” a company statement read.
This sum comprises $142 million that Tullow paid in 2012, and $108 million to be paid in three equal instalments of $36 million. The first of these was paid upon settlement and the remainder will be paid in 2016 and 2017.
Uganda discovered exploitable deposits of oil along its volatile western border with Democratic Republic of Congo in 2006, and officials now estimate reserves at up to 3.5 billion barrels.
“The settlement of this long-running dispute is good news for Tullow and Uganda,” company chief executive Aidan Heavey said in a statement.
In recent months, the Government of Uganda has proposed welcome and necessary changes to its tax regime for oil and gas investments, which it is hoped will enable substantive progress to be made towards the sanction of the Lake Albert oil development.
The payments are related to a capital gains tax on the $2.9 billion sale of three of Tullow’s exploration blocks in Uganda to France’s Total and the China National Offshore Oil Corporation (CNOOC).
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People who use these are muppets. Everyone knows the risks to these.
One day pale and freckly will be in.
And not to mention how fake and unnatural it can look. Umpa lumpas walking around in December trying to fool people. #iwokeuplikethis
Don’t even get me started on fake tan Super. Christ it’s awful! Why would you have a shower/bath to rub what looks like shite all over your body and then think looks/smells good?! Then the next morning, it’s missing off your hands and feet and looks like you shat the bed! Would rather spend the money on a good decent body lotion to look good than spread that crap all over me.
Damn I didn’t know sh!te got by the journo police. My sh!te has an exclamation mark, same as my tan
Nothing beats a pale skinned, dark haired, blue eyed, Irish cailin.
Not everything is an “addiction”, some people are just stupid and have no willpower or don’t care.
Good God, you’ve been tangoed love.
Girl goes to work Friday and looks normal. Same girl comes into work Monday and looks like she sat in a bath of Ronseal and thinks everyone thinks she got a tan in the Irish Monsoon Summer over the weekend. The Ronseal look is not a good look. Looks crap. Fake tan, fake girl, fake personality.
Cure for tanning addiction=fake tan!
Thought it was going to be an article addressing my Tanora dependency.
Great piece here from the Irish Cancer Society about the dangers of sunbed use. Anyone who still uses them after reading this need a serious wake-up call. http://www.cancer.ie/reduce-your-risk/sunsmart/sunbeds#sthash.LFs1qokg.dpbs
I agree with the majority of comments on here. Covering yourself with fake tan is like smearing your own excrement all over yourself. Same smell and same colour. People who do this are crazy.
When I was a kid, there was a woman around the corner who opened a tanning salon. She also rented out sunbeds for home use. She had one herself, and every night you’d see the purple glow of the UV lights emanating from her room.
She died from skin cancer.
Or the shock when she got her ESB bill.
Jesus there’s nothing worse looking imo
bla bla “her body her choice” bla bla bla
Nutters!
Coco butter nutters
How they are not browned off i will never know
cracking pic mid article, thank you journal!
I thought it said ‘Somalia’ tanning salon …..
Yer wan looks like she jumped in a bath of curry sauce
Why does reading this article give me the urge to rent the latest Hollywood blockbuster on DVD…? (Never understood the connection and why tanning booths and DVD rental was good business acumen? Ah well. Better left a mystery.
hahahhahahahahhahahahahahahahahahahahahahahahahahahahahahahahahahahahahahhahqahqhahahwhwhwhwhwhwhwhwhqhhahahahahahhahahahahahahak(thud!)
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