Bloomberg | Saudi Arabia Drops Tax Rates for Oil Firms Ahead of Aramco IPO Wall Street Journal (subscription) Saudi Arabia on Monday dropped the tax rate on its oil industry, laying the groundwork for a highly anticipated initial public offering of its state-owned energy company, Saudi Aramco, and a broader overhaul of its oil-focused economy. Under changes ... Saudis Thinking Beyond Oil in Asia Courtship Saudi Arabia sets tax rates on producers of oil, hydrocarbons -SPA Saudi Aramco tax slashed to prepare oil producer for giant IPO |