[DR1] More on Verizon/Tax dept conflict

[NewsWhore]

The Tax Contention Administrative Court has 60 days to rule on the conflict between Verizon Dominicana and the Tax Department for the latter's claim for payment of more than RD$16 billion which corresponds to 25% of capital gains due for the sale of Verizon's shares to Telmex, as reported by Listin Diario (see DR1 Daily News 14 July 2006). The court's president Sara Henriquez Marin, said that the process is in the debating phase and will last between 45 and 60 days. The amount due is being debated in pesos, not US dollars. Verizon appealed against the Tax Department's claim on 6 July. America Movil (Telmex) is also suing against the opposition placed by the Tax Department in the Dominican Institute of Telecommunications (INDOTEL).

Link To Original Article (http://www.dr1.com/index.html#8)