Thursday, April 17, 2008

New tax on oil profits in Venezuela

(CARACAS, Venezuela) Venezuela's Congress has approved a law forcing foreign oil companies to pay a tax on windfall profits when crude tops US$70 a barrel.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,275423,00.html?

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