MARKETS

MEC stripped of tax incentive status

AUSTRALIAN small cap gas explorer MEC Resources has been stripped of its Pooled Development Fund status - a tax benefit - for allegedly breaking the relevant laws on 17 occasions.

MEC stripped of tax incentive status

MEC Resources managing director David Breeze confirmed the company had been struck off the Pooled Development Fund (PDF) registration list yesterday in a letter to shareholders.  It was the only oil...

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