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> Aramco, formally known as Saudi Arabian Oil Co., pays a 20 percent royalty on revenues and an 85 percent income tax. At those tax rates, basically yes. > Ho
by kevindong 10y ago
> Aramco, formally known as Saudi Arabian Oil Co., pays a 20 percent royalty on revenues and an 85 percent income tax.
At those tax rates, basically yes.
> How does all square with being a publicly traded company?
Investors must take into the account those problems and change how much they're willing to pay for Aramco accordingly.