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Home Energy Eni and Exxon Mobil Transaction: NO TRANSPARENCY IN THE CALCULATION OF THE VALUE OF CAPITAL GAINS

Eni and Exxon Mobil Transaction: NO TRANSPARENCY IN THE CALCULATION OF THE VALUE OF CAPITAL GAINS

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The Tax Authority has just announced that Eni East Africa will pay 350 million US dollars to the Mozambican state, in capital gains tax, resulting from the sale of 25% of its participation in area 4 of the Rovuma Basin to the American multinational Exxon Mobil. However, there is no transparency in determining the value of capital gains.

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CIP - Public Integrity Center