Irish diplomats monitoring' Smurfit Kappa's Venezuelan troubles

The Department of Foreign Affairs and Trade has said it is ''closely'' monitoring developments in Venezuela, where the socialist government of Nicolas Maduro has taken over Smurfit Kappa Group's local subsidiary.

8th December, 2013
A worker at Smurfit Kappa's plant in Venezuela: the company is coming under pressure from the government New tax guide launched. Chartered Accountants Ireland have launched a new book that addresses the key issues facing businesses and business advisers as a result of the property and financial crash. `The Tax Implications of Business Recovery and Insolvency in Ireland, Northern Ireland and the UK' is designed to be a single reference guide to taxation and insolvency on the island of Ireland. It was written by Paddy Harty and Alison Burnside, both of FPM Accountants. ``The Institute should be well-placed to produce a definitive guide to the complex taxation issues that can arise with insolvency and business recovery in Ireland and Northern Ireland,'' said Nama chairman Frank Daly at the book's launch.

The Department of Foreign Affairs and Trade has said it is ''closely'' monitoring developments in Venezuela, where the socialist government of Nicolas Maduro has taken over Smurfit Kappa Group's local subsidiary, accusing the company of using its dominant market position to inflate prices.

In what both the Venezuelan government and the company called a "temporary'' intervention in the running of the company, government officials arrived last weekend to begin an inspection of SKG's taxes, costs,...

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