Venezuela bills oil companies for millions in unpaid taxes

[lovuian]

http://biz.thestar.com.my/news/story.asp?file=/2006/7/30/business/20060730070102&sec=business

Venezuela bills oil companies for millions in unpaid taxes

CARACAS, Venezuela (AP) - Venezuela has billed three oil companies for more than US$26 million (euro20 million) in unpaid taxes, the country's tax agency said Friday.

The local affiliate of Spanish-Argentine Repsol YPF owes the country about US$8 million (euro6.3 million) for unpaid taxes last year, the tax agency said in a statement.

The agency also said it had billed Vinccler Oil and Gas CA for more than US$15.6 million (euro12.3 million) for 2005 and previous years, and Argentina's Compania General de Combustibles SA for some US$2.7 million (euro2.1 million) for 2005.

All three companies were given 15 days to pay the back taxes plus a 10 percent fine. Venezuelan officials last year began a tax review of oil companies, alleging there had been widespread tax evasion for years.

more...

Its all very Interesting Yukos and now others...

[GAPeace]

1. Chavez doesn't play around, does he?

Haha, no wonder the US wants him gone -- badly.

[marmar]

2. Holding oil companies to account?

What a novel concept.

[zoeb]

3. Chavez has real political capital in that 74% of the country

voted for him. But right after he was elected a WH spokesman said it probably wasn't an honest election. Chavez is using oil money to improve living conditions in his country. He has also promised to return farm lands to the farmers. He originally signed on for 16% of the revenues then changed it to 30%. Venezuela sits on an oil bed the size of Iran. This pissed off Cheney and the neocons. Since then Cheney has set out to swiftboat the guy with stories of government abuse in every major paper across the US.

I read a great story about this but didn't save the URL:shrug:

[upi402]

4. WARNING; pro-Chavez posting here will bring the flames

Better grab the extinguisher...
:popcorn:
I admire what he has done but the brainwashed here start freepin' out before there's a chance to discuss it. I can't find a lot of verified detail but there seems to be a pattern of helping his country more than the corporate whoring we have come to view as the norm.

my .02

[Union Thug]

5. GO GO HUGO! n/t

[Benhurst]

6. Viva Chavez!

[lovuian]

7. If Chavez can't get to Bush them perhaps hurting his friends

will do it for him

Being a bush friend is going to get very ugly!!!

[Judi Lynn]

8. The oil companies had it just the way they liked it, when they had

idiots like the impeached opposition dirtbag Carlos Andres Perez sitting in the President's office, making deals which enabled them to slide by paying only a fraction of their taxes, while the oligarchy got richer and richer in Venezuela.

Carlos Andrez Perez proved to whom he was loyal when he was more than happy to raise the price of transportation for the poor so high they couldn't afford even to ride the buses to work, then to have them mowed down in the street when they protested.

That friend of the _Bushes was impeached, now lives in New York and Miami, and calls loudly for someone to kill Chavez, "like a dog."

Here's the poor-abusing kind of Venezuelan President our right wing adores, Carlos Andres Perez:







And the opposition tv talking heads DARE to mock Chavez, calling him an "ape." Takes all kinds, doesn't it?

[movonne]

9. This means war for the oil companies... just as soon as we get

democracy for the Arabs...