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 22 of June this year, the board of the newly established company of AB Bank SNORAS - UAB “SNORO Media Investicijos” - made a decision to invest in the shares of UAB “Lietuvos rytas” and to acquire 34 per cent of the authorised capital of the company.
more »
The Banker's Exchange is joining forces with Chicago-based Intergam Logistics as part of a global expansion initiative into the ATM support market.
more »
Lisbon treaty and financial supervision dominate debate at EU summit.
more »
In the most sweeping financial reform proposal since the Great Depression, President Barack Obama unveiled plans to overhaul the U.S. financial regulatory system, saying the events that led to the U.S. financial crisis make the proposed changes necessary.
more »
Due to the rising concerns on a possible disruption of Russian gas supplies to Europe coming through Ukraine, the Commission has chaired a meeting of the Gas Coordination Group to assure a stronger EU coordination and to secure energy supplies to European citizens.
more »
Mexico signs an agreement with Google to help revive tourism at its historical sites, after the swine flu epidemic.
more »
The recession could hit working women harder than men, an EU study warns, underscoring persistent disparities between the sexes in the European labour market.
more »
The first 4 months of 2009 saw 25 percent more FBI background checks on prospective firearm buyers compared to the same period last year in US.
more »
AS “Latvijas Krājbanka”, managed by AB Bank SNORAS, was presented with the annual prize of Deutsche Bank AG, one of the largest European banks, for the excellent quality of the outgoing payments.
more »
Danske Bankas has made another increase in the interest rate for fixed-term deposits in litas for both private and corporate clients.
more »