Ugandan government shifts position on deal with Heritage Oil to force company to pay up its Capital Gains Tax

From the Daily Monitor: “The insistence on tax has put the entire deal on ice. The President’s feelings on the matter were put forcefully and emotively by Energy Minister Hilary Onek in a phone interview on Friday. ‘Arbitration only arises in the case of other disputes – not tax,’ Eng. Onek said, warning that the...