Oil firms dealt 'major blow' with Venezuelan tax hikes

摘要

Venezuela's plan to increase the corporate income tax on oil companies to 50% from 34% would slash the values of multinational companies' assets in the country,Aberdeen consultant Wood Mackenzie Ltd.said."President [Hugo] Chavez has dealt a major blow to oil companies in Venezuela by deciding to take a greater share of the profits from oil production," Gero Farruggio,head of Wood Mackenzie's Latin American upstream team,said in an Apr.19 news release.