SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Trends Worth Watching
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: richardred3/16/2006 12:36:53 PM
  Read Replies (2) of 3363
 
Venezuela Temporarily Closes Total Office
Thursday March 16, 11:14 am ET
Venezuela Temporarily Closes Total's Administrative Offices

CARACAS, Venezuela (AP) -- Venezuela's tax authority temporarily closed the administrative offices of the French oil company Total SA on Thursday because of accounting irregularities in the company's tax filings, the agency's president said.

Jose Vielma Mora told reporters at Total's headquarters in Caracas that authorities were closing the company's offices for 48 hours. Paul Floren, a spokesman for Total in Paris, confirmed that the Seniat tax agency had closed the offices.

"Their tax administration has closed our offices," Floren said. "These are administrative offices; it's not affecting production sites."

Floren said he wasn't sure why Venezuelan tax officials were closing Total's offices. Seniat officials announced on Wednesday that Total's offices would be shut if the company failed to pay a $107 million tax bill.

Total is one of 22 oil companies that the tax agency has accused of misreading the nation's tax code and inflating tax deductions.

Venezuela's tax agency threatened the French oil company with fines and possible property seizures if it doesn't settle its tax bill promptly. The agency temporarily closed the commercial offices of Royal Dutch Shell PLC last year for not paying its tax bill on time.

Venezuelan tax authorities say private and foreign state oil firms owe a total of nearly $800 million in unpaid taxes from 2001 to 2004.
biz.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News