in this issue
EnviroTech :: Regulatory
ICL considers legal challenge to possible hike in mining royalties and taxes
4:28 PM MST | January 8, 2014 | Ian Young
Israel Chemicals Ltd. (ICL; Tel Aviv) says it is considering a legal challenge to plans by the Israeli government to seek higher royalties and taxes from the company's phosphate and potash mining operations. ICL confirms that on 29 December the company received an assessment from the Israel Tax Authority (Jerusalem) requiring ICL to make an additional tax payment of about $230 million, over and above the amount paid, for the 2009-11 period. The tax authority's main contention is that ICL's Dead Sea Works and Rotem Amfert Negev subsidiaries are not entitled to...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee