New Zealand Herald: Shell’s office closed for 48 hours in tax dispute
“Venezuela’s tax authority has closed a Royal Dutch Shell office for 48 hours and put a hold on some company assets as part of a US$131 million ($188 million) back tax dispute with the oil company.”
Saturday 13 August 2005
13.08.05
CARACAS: Venezuela’s tax authority has closed a Royal Dutch Shell office for 48 hours and put a hold on some company assets as part of a US$131 million ($188 million) back tax dispute with the oil company.
Shell is appealing against a claim by the Seniat tax authority for taxes it says the Anglo-Dutch firm did not pay during the 2001 to 2004 period.
The investigation is part of a wider probe of foreign oil companies in the world’s No 5 crude exporter.
Seniat said it had forbidden Shell from selling or exporting US$131 million worth of goods and equipment the agency has earmarked as collateral in the dispute.