NewsWhore
11-29-2006, 05:50 PM
Last night representatives of Verizon Dominicana and the Department of Taxes met with President Fernandez to iron out some sort of an agreement on the taxes to be paid on the sale of Verizon Dominicana to the Mexican company America Movil. The tax, basically a capital gains tax, is estimated to be in the neighborhood of $500 million, a sum that Verizon says is unacceptable. After the meeting, Verizon's lawyer Fabiola Medina told Listin Diario reporters that progress had been made but that no deal had yet been struck. The tax disputes court that is hearing the case has announced the next hearing for 4 December.
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