Saudi Aramco Tax cut –

This would be the first-ever $1,000,000,000,000 company. Breaking News : The Saudi Arabia government said on Monday it was cutting the tax rate for Aramco to 50% from 85% as part of preparations for next year’s IPO, which would sell as much as 5% of the company. Saudi Arabia allowing Saudi Aramco to go public represents peak fossil fuel production macro economic conditions. There is no other reason for the kingdom to privatize and cut the tax rate for by far the largest driver of their economy.

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