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Glencore Plc (GLCNF)

Other OTC - Other OTC Delayed price. Currency in USD
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5.45+0.09 (+1.58%)
At close: 03:56PM EDT
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  • Reuters

    Glencore's ex-head of oil loses UK legal fight over tax

    Glencore's former head of oil has lost a legal battle with the British tax authority over nearly 150 million pounds of dividends paid out by the global commodities giant. Alex Beard, who retired from Glencore in 2019, took legal action against HM Revenue and Customs (HMRC) over the tax rate on payments of 149.7 million pounds between 2011 and 2016. HMRC said they should be subject to income tax rather than capital gains tax, which is lower.

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    This FTSE stock is one I’m buying for the long term

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