Global oil giant BP has confirmed that the Russian tax authorities have landed the firm with a US$87 million bill for back taxes as the Russian government steps up its offensive against large scale tax evasion.
A spokeswoman for TNK-BP confirmed to Dow Jones Newswires last week that the firm had indeed received the request from the Russian tax authorities, and that it was working towards a compromise settlement.
Whilst BP has been reluctant to divulge much detail relating to the tax bill, Reuters reported that the demand has been presented “as a result of checks into our 2001 accounts,” according to a company official.
The official also revealed that the company intends to fight the claim, “since we believe that some parts of these demands are unfounded".
It has been reported that the Russian tax authorities are currently delving into the 2001 tax accounts of several other major oil firms, including Slavneft, Sibneft, Rosneft and Tatneft.
However, some analysts believe that Russia has no desire to make the same example of these firms as it has with Yukos, which faces a massive $17 billion bill for back taxes arising out of alleged illegal use of tax avoidance schemes.
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