Vardi, Nathan
June 2008
Forbes Asia;6/2/2008, Vol. 4 Issue 10, p20
The article discusses the harassing of foreign operations including the company ArcelorMittal, AES Corp. and Chevron Corp. by the authorities in Kazakhstan. It states that despite foreign firms in Kazakhstan pay a maximum tax rate of 30%, plus value added taxes, the regional taxman keeps visiting them. It reports that while the Financial Police have slapped $200 million tax fine to AES, environmental regulator has fined Chevron's Tengiz, Kazakhstan, oilfield project $310 million. INSET: It's Good to Be President.


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