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flag Philippine Supreme Court rules contractors' taxes part of government's share in Malampaya gas project.

flag The Supreme Court of the Philippines has ruled that income taxes paid by contractors of the Malampaya gas project, such as Shell and Chevron, are included in the government's 60% share of the project. flag This resolves a dispute with the Commission on Audit over alleged unpaid taxes. flag The decision, which aligns with an earlier ICC ruling, is expected to boost investor confidence and encourage more exploration in the country’s petroleum sector.

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