Financial Times FT.com

Chávez tax collectors shut down multinationals

By Andy Webb-Vidal in Caracas

Published: October 7 2005 03:00 | Last updated: October 7 2005 03:00

Venezuela's tax authority, citing alleged irregularities, has ordered the temporary closure of the local offices of US-based computer groups IBM and Microsoft and those of several other multinationals.

Mobile telephone manufacturers Nokia, Ericsson and Siemens, as well as car parts maker Bosch Rexroth and assembler Honda Motor, were also told by the government of President Hugo Chávez to close for 24-48 hours.

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