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| Company | BP Amoco [Company Info] |
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| Date | Issue | Title |
| 27th Mar 2006 | Other Issue | Venezuela hits BP with tax bill |
| Report |
| Venezuela has hit UK oil giant BP with a $61.4m (£35m) back tax bill. The country's tax authority, the Seniat, said the figure arose from the firm's operations in the country between 2001 and 2004. BP confirmed the bill had been given to its BP Venezuela Holdings unit and that it was in talks with tax officials. Venezuela's left-wing President Hugo Chavez is demanding foreign oil firms pay more taxes and give up majority control over their Venezuelan ventures. In the 1990s Venezuela signed 32 operating agreements with private companies at a tax rate of 34%. But last year Mr Chavez decided the agreements should have set a rate of 50%. He wants to use the additional revenues to increase social spending in the country. The move has added to tensions between Venezuela and the US. Relations between the two worsened earlier this year after a tit-for-tat expulsion row over allegations of spying. At the weekend, Mr Chavez said that America was planning to invade Venezuela, an accusation Washington immediately dismissed. |
| Other Reports on BP Amoco | |||
| Date | Issue | Company | Report |
| 22nd Jul 2007 | Other Issue | BP Amoco | BP faces fines after Texas blast |
| 20th Mar 2007 | Questionable Practice | BP Amoco | BP blamed for Texas blast |
| 6th Sep 2006 | Other Issue | BP Amoco | BP facing US oil prices lawsuit |
| 8th Jun 2006 | Other Issue | BP Amoco | BP faces Alaska oil spill probe |
| 12th Dec 2005 | Criminal Investigation | BP Amoco | BP could face US criminal charges |
| 15th Dec 2003 | Other Issue | BP Amoco | Alaska well explosion may cost BP $2.5 mln fine |
| 26th Jun 2003 | Other Issue | BP Amoco | BP closes deal with Russia |
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