Venezuela forces Shell to pay back taxes- Ireland provides security

international | consumer issues | news report

Tuesday April 10, 2007 12:28

by NN

over thirteen million dollars owed

Venezuela has an interesting relationship with the energy giant Shell. They actually force them to pay taxes, and when they submit estimates which the govt doesn't believe, they audit them and present them with a bill. Today they told Shell to pay back over thirteen million dollars that the company was trying to weasel out of from 2005.

The Irish government, of course, has a more compliant attitude to the big energy companies...

Chavez, Ahern, Bachelet, Merkel

Shell pays $13.7 mln in back taxes in Venezuela

CARACAS
April 10 2007

Royal Dutch Shell's Venezuelan subsidiary had to pay the Venezuelan government $13.7 million in back taxes levied on operations in 2005, the nation's Seniat tax authority said on Monday.

The Seniat said it received the payment after an audit that determined the company had not paid the correct income tax for 2005.

The agency said it objected to Shell Venezuela's write-down of interest payments on a loan it took out from its corporate headquarters, insisting the interest rate on the loan had been set above market rates.

Shell is a minority partner with state oil company PDVSA in the Urdaneta Oeste field in Western Venezuela.

Petroleumworld 04 09 07

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Comments (3 of 3)

QuikVid Rossport

by Dave

Tue Apr 10, 2007 18:17

The YouTube link below is to a QuikVid from Rossport this morning. It shows the peat removal in action but also an illustration of the increasing willingness of the Garda to use strong arm tactics against the simplest legitimate political protest. It's clear the relationship between local people and the Garda has broken down due to this belligerent attitude of the Garda. That this strong arm approach is used to defend the wholesale robbery of the natural resources of the country by a private multi-national company supported by a Dublin mafia is a disgrace.

Good stuff

by tuber

Wed Apr 11, 2007 23:15

Excellent video- can we have more please? Recentlly it's like there's been a news blackout in Erris. This is the first image of the peat removal process that's been seen.

good link

by chrissie

Thu Apr 12, 2007 20:31

Good to see a link to S2S & mayo gas info on Country Joe McDonald's Ecology page - top fella!

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Venezuela forces Shell to pay back taxes- Ireland provides security

Comments (3 of 3)