Abramovich's Sibneft under investigation for tax evasion

Discussion in 'Chelsea' started by Pata, Nov 17, 2004.

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  1. Pata

    Pata Red Card

    Nov 17, 2004
    The Chelsea fans might be interested that according to tonight's latest news, Sibneft is under investigation for owing almost 750 million dollars (21 billion roubles) in unpaid taxes since 2000. Sibneft refused to comment.
    Investigation into Sibneft and 3 other oil companies has been ongoing since 11 November.

    Full article:
    http://www.lenta.ru/economy/2004/11/17/sibneft/

    This is just to those who were saying that there is no proof that he has done anything illegal. :) Something is obviously not adding up.

    How Sibneft's failure to pay its taxes would affect Chelsea's finances remains to be seen.
     
  2. Eddie26

    Eddie26 Moderator
    Staff Member

    Sep 23, 2004
    Pittsadelphia
    Club:
    Chelsea FC
    Bet you a ruble nothing comes of it...
     
  3. nicephoras

    nicephoras A very stable genius

    Fucklechester Rangers
    Jul 22, 2001
    Eastern Seaboard of Yo! Semite
    You got a new account just to post this? Worst sockpuppet ever.
    EDIT: Incidentally, if you read the article, it makes clear that what Sibneft did was correct at the time. The government is changing the law now, since Russian law doesn't prohibit ex post facto legislation. In other words, its not "tax evasion", its underpayment of taxes by a newly invented standard.
     
  4. srd....

    srd.... Member

    Apr 20, 2004
    Cork City.
    *YAWN*

    ~a newbie troll make's first post~
     
  5. Pata

    Pata Red Card

    Nov 17, 2004
    It looks like the article has been expanded since I originally had a look at it. One might suspect that the tax law is finally beginning to approach something vaguely reasonable (apparently YUKOS is getting done for a cool 25 billion at the moment).

    Now, being not entirely familiar with the murky world of Russian tax "system", I gather from the article that Sibneft used tax breaks for "closed administrative-territorial entities" (whatever that means) to minimize its taxes and as Shuvalov says he will be punishing those who used "tax optimisation schemes illegally". It seems the tax authorities are not entirely convinced about Sibneft's behaviour at the time, innit? :) So, it seems, this is at the root of the problem, and NOT "donachisleniya", by which I presume tax additions are meant.

    It then goes on to quote "Kommersant"'s estimate of 1.3 billion owed for 2001 alone, including penalties and fines. Now, where would these come from? :)
     
  6. GPK

    GPK BigSoccer Supporter

    Aug 5, 1999
    San Diego, CA
    Club:
    Chelsea FC
    Nat'l Team:
    United States
    Thanks London Wanka.... :D
     

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