FISCAL POLICE IN KAZAKHSTAN LAUNCHES LEGAL ACTION AGAINST SOROS FOUNDATION
Published:
28 December 2004 y., Tuesday
The Soros Foundation in Kazakhstan is facing legal action for alleged tax evasion.
The Kazakh fiscal police report in a press release that they have launched criminal proceedings against the Soros Foundation for failure to pay corporate taxes.
The tax evasion charges were brought against the Soros Foundation following a comprehensive audit conducted by an Almaty tax committee. The auditors ruled that the foundation shall pay 81 million tenge, or $623,000, in back taxes to the Kazakh government.
The Foundation appealed against the decision with the Almaty tax committee, the tax committee of the Finance Ministry, and an inter-district administrative court of Almaty, but its appeal was rejected.
Under an agreement between the governments of the U.S. and Kazakhstan, any governmental or private American organization involved with assistance programs, as well as its non-resident staffers, shall be exempted from income or any other type of tax payable to the Kazakh government. Since the Soros Foundation's Kazakhstan branch belongs to neither category, but is a legal entity registered in accordance with local laws and regulations, its activity is not covered by the agreement at hand, the press release says.
Šaltinis:
RIA Novosti
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
On August 4, the first chartered flight of "The Japan Airlines" will arrive from Tokyo in the Baltic States and land in Riga.
more »
1.6 billion rouble loan to overcome problems holding up expansion of city of Surgut
more »
Nordic Shared Services & Outsourcing Forum 2009, 26 – 27 August, Sweden
more »
Results of the latest price survey by Eurostat show that Lithuania is on the list of the TOP 10 least expensive countries in Europe.
more »
The European Commission's Digital Competitiveness report published today shows that Europe's digital sector has made strong progress since 2005.
more »
US President Barack Obama said that the economy was weaker than he thought when he took office, but there are signs of improvement.
more »
The EIB and UniCredit Group strengthen their cooperation to implement the Joint Action Plan of the largest multilateral lenders in Central and Eastern Europe who have committed to provide up to EUR 24.5 bn lending to the SME sector hit by the global economic crisis.
more »
Within the first half of 2009, AB Bank SNORAS earned LTL 24 million of unaudited profit.
more »
10,000 workers were helped by the European Globalisation Adjustment Fund (EGF) last year and of these, more than two-thirds found a new job, according to a report adopted by the European Commission today.
more »
SEB recently won awards for best consumer Internet banks in Lithuania and Latvia in a ranking presented by Global Finance Magazine.
more »