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UK Oil Co. Can Avoid £167M Tax Assessment, Tribunal Says

By Kevin Pinner ( April 7, 2026, 5:51 PM EDT) -- A U.K. oil company isn't liable for a £167 million ($221 million) increase to its taxable profits because for tax purposes it shouldn't be treated as having acquired an oil-related business following an intra-group transfer, according to an Upper Tribunal decision published Tuesday....

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