Venezuela Orders Shutdown of IBM, Others
An AP newswire article, via Yahoo! News, reports that:
Venezuela's tax agency said Wednesday that it had imposed fines and ordered the temporary closure of several foreign companies, including International Business Machines, due to tax irregularities.
The Seniat agency ordered the 48-hour shutdown of U.S. computer company IBM Corp.'s office in Caracas, as well as auto parts company Bosch Rexroth Corp., for bookkeeping irregularities related to the value added tax, the agency said in a statement.
Others such as Microsoft Corp., Honda Motor Co., Nokia, Ericsson, Siemens and Colombina SA will face closures ranging from 24 to 48 hours, as well as fines, it said.
The reasons for punitive actions against the latter were unclear.
Company officials could not immediately be reached for comment.
posted by Fergie @ 10/06/2005 05:36:00 AM
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