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Venezuela Collect Taxes From Foreign Firms

Venezuela's tax agency chief said Sunday that most of the 22 foreign oil companies operating in the country...

Venezuela Collect Taxes From Foreign Firms

Venezuela?s tax agency chief said Sunday that most of the 22 foreign oil companies operating in the country, that owe back taxes to the Venezuelan government have agreed to pay them back.

Jose Vielma Mora said officials plan a meeting Thursday with diplomats and oil company representatives to discuss the payments. He said most of those companies have already decided to pay what they owe, according to the news agency.

Officials have estimated the amount owed by oil companies with 32 operating agreements in Venezuela at some $2 billion for a period spanning the past 10 years, Vielma Mora said.

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