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The Russian Audit Chamber intends to once again review the tax records of LUKoil and Sibneft
MOSCOW, January 30. The Russian Audit Chamber intends to once again review the tax records of LUKoil and Sibneft. Audit Chamber Vice Chairman Alexander Semikolennykh said that the new audit concerns problems of using legal schemes to avoid paying taxes. 'We are going to take another look at how they legally avoided paying taxes. We aren't saying that we need to punish these companies. We just want to show the State Duma and Federation Council that they passed tax legislation with significant loopholes,' he said. At the end of last December, the Tax Ministry presented their claims against Yukos for tax evasion in the amount of USD 3.48 billion. Meanwhile, the Audit Chamber has submitted audit information concerning Sibneft to the Ministry of Internal Affairs. At that time of the audit, however, Sibneft was in the process of merging with Yukos and failed to pay USD 350 million in taxes, according to the Audit Chamber.
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