Tax Fraud

If GRA issued tax receipts to oil companies it must show it received the monies stated on those receipts

News EditorJanuary 14, 2024January 15, 202403 mins

Thanks to Dhanraj for taking the time and effort to indulge in this debate. More Guyanese should get involved. (Ref – Dhanraj Deonarine’s letter, “Is the NRF really overstated?”, SN Jan. 13th). Here is the larger question on the subject: How can Oil Companies prepare their tax returns, submit them to GoG – and say…

Financial Statements of Exxon Allude to Tax Fraud in Guyana

News EditorJanuary 13, 2024January 15, 202408 mins

The Laws of Guyana Corporation Tax Act imposes a 40% corporation tax on chargeable profits for commercial companies and 25% for non-commercial companies. The law defines commercial activity as “an activity carried out by a company trading in goods not manufactured by it” and non-commercial activity would be anything not covered in this definition. One…

Upcoming: Oil Talk with OGGN on KN watch at https://www.facebook.com/kaieteur.radio

GPL will be paying up to US$50m to Qatari contractor for power ship that will sail off in two years

Government should take over Hess’ share

Gov’t’s proposed oil spill legislation is a pathetic betrayal of Guyana, taking precedence over Justice Kissoon’s decision to the satisfaction of Exxon

No other current issue of greater import I can think of other than Jagdeo’s attack on the country’s judiciary and the troubling silence emanating since

Oil Talk with OGGN Guyana Episode #25: Our oil keeps the world moving but we can’t keep our lights on