NewsWhore
08-25-2006, 04:10 PM
An agreement signed between the Dominican Republic and Canada in 1976 may release Verizon from having to pay approximately US$500 million in taxes to the Dominican state for the sale of the company to Mexican company America Movil. Diario Libre reports that the agreement between the two countries is aimed at avoiding double taxation. Canada is the only country with which the Dominican Republic has signed this sort of agreement, which was aimed at promoting foreign investment in the DR. Verizon Holdings is a Canadian company, according to the report. Also, the sale transaction took place in Canada.
More... (http://www.dr1.com/index.html#13)
More... (http://www.dr1.com/index.html#13)