Kazakhstan chases one of its biggest taxpayers
November 10, 2010
Salman Shaheen - ITR
The Kazakhstan tax authorities have made a $1.2 billion claim, including transfer pricing charges against the Karachaganak Petroleum Operating Group (KPO) for unpaid taxes between 2005 and 2008, a Reuters report revealed.
KPO was unavailable to comment, but a source told Reuters that the tax claims include $600 million in transfer pricing fines. KPO has been accused of understating costs.
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