Not sold

[NewsWhore]

Spokespersons for Verizon are denying reports that they have sold 100% of shares to the company Telmex, and are saying that any sale would need the approval of the Dominican Telecommunications Institute (Indotel), which they do not yet have. Verizon is stuck in a bitter legal battle with the Tax Department (DGII) and the government over taxes that Verizon is supposed to pay on capital gains made in the country, taxes they have to pay before they are allowed to sell their company shares. El Caribe newspaper is reporting that the DGII says that Verizon has already sold all of its shares. The government is calling on Verizon to pay RD$17 billion in taxes. Verizon is claiming that capital gains are only paid when the company has actually had monetary gains.

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