Japan Tobacco International, one of the largest foreign investors in Russia, said Friday it had been served an $85 million bill for back taxes and fines, the latest in a string of similar claims against major companies.
The authorities say it is a routine audit but for the year 2000. Will there be more
routine audits for the later 3 years?
This seems to be happening with more frequency and can't help but hurt when companies start rethinking their investments in Russia or other companies pass on it.
Monday, January 24, 2005
This will help business?
The tax authorities are at it again in Russia. Japan Tobacco Hit With $85M Back Tax Bill