Ugandan CGT1 May 2013 12:36
Ok if they are claiming capital gains tax on profits, will Uganda govt allow companies rebates when they are are running at massive explorations losses? Its not all gravy....
IMO Tullow will lose this case, When they agreed to pay the tax, that was their decision to take not Heritages. Also if their due diligence before purchase of these fields did not uncover these future costs that also was Tullows risk to bear. Time to get this over and done