Sunday, October 09, 2005

Chavez makes his first move - foreign corps being extorted

This is commonly known as "extortion" in less urbane circles.

AP Story
Venezuelan Tax Agency Orders Shutdown of IBM, Others

The Associated Press

CARACAS, Venezuela (AP) - Venezuela's tax agency said that it had imposed fines and ordered the temporary closure of several foreign companies, including International Business Machines, due to tax irregularities.

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