Petrobras Owes $451M In Taxes After 'Unfavorable' Ruling

By Natalie Olivo · January 25, 2019, 6:26 PM EST

Brazilian oil giant Petrobras is facing 1.7 billion reais ($451 million) in tax liabilities tied to a dispute over foreign affiliates' profits after receiving "an unfavorable decision" from the country's tax...

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