UK Tax Office Opposes Oil Firm Waldorf’s Debt Plan in Court

Source: Bloomberg Politics · Bias: Center

Summary

The UK tax office is urging a London court to reject Waldorf Production UK Plc’s latest restructuring plan, arguing the proposal would wipe out the oil and gas company’s £69.8 million ($94.6 million) in unpaid windfall tax liabilities while preserving substantial benefits for its proposed buyer.

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UK Tax Office Opposes Oil Firm Waldorf’s Debt Plan in Court
Bloomberg Politics

UK Tax Office Opposes Oil Firm Waldorf’s Debt Plan in Court

Center

The UK tax office is urging a London court to reject Waldorf Production UK Plc’s latest restructuring plan, arguing the proposal would wipe out the oil and gas company’s £69.8 million ($94.6 million) in unpaid windfall tax liabilities while preserving substantial benefits for its proposed buyer.

UK Tax Office Opposes Oil Firm Waldorf’s Debt Plan in Court | ParallaxNews.io