Some MPs accuse government officials and mafia members of being involved in the illicit oil trade. A probe team from Afghanistan’s parliament on Wednesday reported that over 30 fuel companies have smuggled millions of dollars worth of oil into the country under the pretext of delivering it to foreign forces, thereby avoiding import tax. The […]
The Zambia Revenue Authority has discovered an organized fuel smuggling syndicate through the Chirundu One Stop Boarder Post worth over K2.8 million in unpaid duty and taxes. In a statement today, ZRA corporate affairs manager Topsy Sikalinda revealed that an agent, Chombe Gondwe, was importing the fuel on behalf of Puma Energy PLC although the […]
Reuters Staff 2 Min Read (Recasts lead, adds detail) MILAN, Nov 22 (Reuters) – Italy’s Eni said on Wednesday its refineries in Italy were at risk of shutdown after Italian tax police seized assets as part of a probe into alleged tax evasion. The state-controlled oil major said in a statement a judge had ordered […]
Currently, Pakistani refineries are producing kerosene oil without adding any dye, which makes it difficult to detect its mixing with high-speed diesel. PHOTO: FILE ISLAMABAD: UK-based company Authentix is seeking to win extension in its contract for fuel marking in kerosene oil in an effort to stop its mixing with the expensive high-speed diesel. A technical […]
October 13, 2017 Staff Reporter Business 0 HARARE,– Zimbabwe’s tax agency says it expects to surpass the $3,7 billion revenue target by at least 15 percent, as it ups collection efforts. In the half year to June 30, revenue inflows amounted to $1.7 billion which was 8 percent above target and 974 percent higher than […]
Posted: Wednesday, September 27, 2017. 11:53 a.m. CST. By BBN Staff: The Belize Chamber of Commerce and Industry (BCCI), in a release issued this morning, called on the government to adopt a policy that minimizes the negative impact on consumers cause by cripplingly high pump prices. Shortly after the Chamber’s release, GOB issued its own release […]
In the first half of this year, the 15 largest state-owned Warsaw Stock Exchange-listed companies posted a combined profit of almost PLN 15 billion (EUR 3.5 bn, USD 4.2 bn), more than twice as much as a year earlier and almost three times more than in the first half of 2014 and 2015, according to […]
by NEWSCHANNEL 3 The former chief executive officer of the now-defunct Michigan BioDiesel was sentenced to a year and a day in prison after pleading guilty to two counts of federal tax evasion. John Gerald Oakley, 66, also was ordered to pay $1.9 million in restitution to the Internal Revenue Service. The restitution includes $1.86 […]
Local TD Declan Breathnach has expressed his concern at the resurgence of fuel smuggling in the area. Reacting to the discovery of 11 cubes of fuel laundering waste at Carrickarnon close to the Louth/Armagh border this morning, the Fianna Fáil deputy expressed the view that those behind the smuggling had found a way to remove […]
An Indian-origin petrol station owner who was jailed last year for selling illegal diesel has been ordered to pay stolen taxes amounting to nearly 133,660 pounds to the UK’s tax department. Nawaz Jan-Virmani, who was sentenced to 16 months in jail in February last year, was told by Preston Crown Court in Lancashire, north-west England, […]