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14

Shell, Chevron To Pay Huge Taxes To Venezuela

Venezuelan authorities have said that foreign firms may owe the country up to $3bn

Venezuela demanded from oil giant Shell to pay $131 million in tax bills, as part of a clampdown on alleged tax avoidance by foreign firms.

Also Venezuelan country's tax authority seized documents of the US oil company

Chevron which it said had not been produced upon request.

Venezuelan authorities have said that foreign firms may owe the country up to $3bn in unpaid taxes.