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Monday, 05/08/2006 2:15:38 AM

Monday, May 08, 2006 2:15:38 AM

Post# of 142806
May 7/06 - Venezuela to impose new oil extraction Tax...

CARACAS, Venezuela - President Hugo Chavez said Sunday that Venezuela would impose a new tax on companies that extract oil from the country to increase revenues from its petroleum industry.

Venezuelan Oil Minister Rafael Ramirez said the government was considering a 33.3 percent extraction tax. Oil companies would be able to detract whatever they pay in royalties from tax bills, he told Union Radio.........

http://www.fortwayne.com/mld/newssentinel/business/14524969.htm
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