If a privately owned resource rights changed hands in UK would govt levy tax on sale?https://twitter.com/fp2p/status/761081492176896001 …
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worth noting that countries can try to tax this kind of thing via domestic tax law (DTCs notwithstanding) @mforstater [1 of 2]
tho MNCs often challenge in court. Sometimes win e.g. India/Vodafone, sometimes lose e.g. Heritage/Uganda/ @mforstater [2 of 2]
interesting. Btw nil NBV is simply "lower of cost and MV"; rare for unrealised gains to be recognised.
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