Venezuelan President Hugo Chavez has ordered closed the local offices of IBM and Microsoft for alleged tax evasion, in a move that many suspect is political. Though Chavez has initiated a "zero tax evasion" policy the firms targeted were all western mutlinationals, according to the Financial Times. (FT)
Friday, October 7, 2005
Venezuela shuts down US businesses
Venezuelan President Hugo Chavez has ordered closed the local offices of IBM and Microsoft for alleged tax evasion, in a move that many suspect is political. Though Chavez has initiated a "zero tax evasion" policy the firms targeted were all western mutlinationals, according to the Financial Times. (FT)
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