An official at TNK-BP has confirmed that it has been billed 2.5bn roubles (£47m) by the Russian tax authorities, according to Reuters.
The news follows similar probes by authorities in oil giant Yukos’ tax arrangements, which has resulted in an ongoing tax fraud trial.
‘We have been presented with this demand as a result of checks into our 2001 accounts, but we are going to object to them, since we believe that some parts of these demands are unfounded,’ Reuters quoted the TNK-BP spokesman as saying.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements