*NEWS*IBM OFFICE SHUTDOWN IN VENEZUELA

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*NEWS*IBM OFFICE SHUTDOWN IN VENEZUELA

 user 2005-10-11 at 11:20:00 am Views: 93
  • #14259

    IBM office shutdown in Venezuela

    October 2005 – Caracas
    (VNZ): The Venezuelan tax agency Seniat has ordered the 48-hour
    shutdown of IBM’s office in Caracas, due to book-keeping irregularities
    related to value-added tax (VAT), the agency said.
    The agency has imposed fines and ordered the temporary closure of
    several foreign companies, pursuing an aggressive “zero evasion”
    campaign to collect taxes the government claims have not been
    paid.