Russian law allows bailiffs to levy fines of 7 percent of the amount they are collecting if payment is late.
But Yukos lawyers argued the bill was so enormous that it could not be paid within the period.
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Yukos 2002 Activities To Be Investigated
Russia's tax authorities said Monday they would begin a probe of Yukos' activities for 2002
Russia?s tax authorities said Monday they would begin a probe of Russia's largest oil company Yukos? activities for 2002.
The Tax Ministry delivered Yukos a document informing about starting to examine the company's 2002 activities and demanding records relating to the period, company spokesman Hugo Erikssen said.
Yukos already is struggling with a $3.4 billion back-tax tax bill for the year 2000.
Russian law allows bailiffs to levy fines of 7 percent of the amount they are collecting if payment is late.
But Yukos lawyers argued the bill was so enormous that it could not be paid within the period.
Russian law allows bailiffs to levy fines of 7 percent of the amount they are collecting if payment is late.
But Yukos lawyers argued the bill was so enormous that it could not be paid within the period.
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