euronews | This is how badly Saudi Arabia needs its big oil IPO to go well CNNMoney Saudi Arabia badly needs the Aramco IPO to go smoothly because it would generate a cash windfall at a time when plunging oil revenue has blown a hole in its once-vaunted budget. The reduced tax rate announced by Saudi Arabia could add $1 trillion to ... Saudi oil giant's tax bill slashed Saudi Arabia sets tax rates on producers of oil, hydrocarbons -SPA Tax on Saudi Aramco Oil Profits Is Cut to Prepare for IPO |