Égypt-actus
Follow
Find tag "évasion fiscale"
371.9K views | +59 today
Égypt-actus
Égypt-actus
revue de presse sur l'actualité culturelle, archéologique, politique et sociale de l'Égypte
Curated by Egypt-actus
Your new post is loading...
Your new post is loading...
Scooped by Egypt-actus
Scoop.it!

Egypt's top construction firm to pay $1 billion in tax evasion dispute

Egypt's top construction firm to pay $1 billion in tax evasion dispute | Égypt-actus | Scoop.it

Egypt’s biggest private construction firm Orascom Construction Industries (OCI) has initially agreed to pay the country’s tax authority (ETA) around LE7.1 billion ($1 billion) over a tax evasion dispute worth roughly $2 billion, finance minister Morsi El-Sayed Hegazi said in a conference on Sunday, Ahram Arabic news website reported.

A spokesperson of the Ministry of Finance, Mohamed El-Saqqa, confirmed the news to Ahram Online. According to El-Saqqa, the ministry is currently setting the legal frame for the reconciliation with OCI.

OCI refused to comment on the minister’s statement, saying that it may comment later.

The tax dispute is attributed to OCI’s subsidiary sale to global group La Farge in 2007 worth a total of $12 billion.

 

More on:

http://www.albawaba.com/business/egypt-oci-tax-479447

more...
No comment yet.
Scooped by Egypt-actus
Scoop.it!

Orascom Says Didn’t Receive Tax Claim Amid CEOs Travel Ban

Orascom Says Didn’t Receive Tax Claim Amid CEOs Travel Ban | Égypt-actus | Scoop.it

Orascom Construction Industries, (OCIC) the Cairo-based company transferring to Amsterdam, said Egypt hasn’t informed it of new tax claims after imposing a travel ban on billionaire Chief Executive Officer Nassef Sawiris.

Sawiris and his father and former Chairman Onsi were forbidden to travel and placed on an arrivals watch list, Moustafa Dweidar, a spokesman for Egypt’s Public Prosecutor’s office, said yesterday in a telephone interview. The Sawiris’ are accused of owing 14 billion Egyptian pounds ($2.1 billion) in back taxes, the state-run Middle East News Agency reported yesterday, citing an unnamed judicial official.

“The Egyptian Tax Authority has submitted a tax claim to the company to pay 4.7 billion pounds related to the sale of Orascom Building Materials Holding to Lafarge SA (LG) in 2007,” the company said on its website. “To date, the company has received no additional claim with any different tax liability.”

Orascom Construction said it filed an appeal against the claim, which is under review by the Egyptian Tax Authority’s appeal committee. The company said it’s “confident” it didn’t violate any laws pertaining to the sale and hasn’t received formal notification of a travel ban related to the sale.

 

More on: http://www.bloomberg.com/news/2013-03-03/egypt-bans-oci-chief-sawiris-from-travel-over-tax-evasion-claim.html

more...
No comment yet.
Scooped by Egypt-actus
Scoop.it!

La dynastie Sawiris négocie avec les services des impôts en Egypte pour éviter la prison

La dynastie Sawiris négocie avec les services des impôts en Egypte pour éviter la prison | Égypt-actus | Scoop.it

Le responsable des services des impôts a indiqué que ces derniers étaient arrivés à un premier arrangement avec la famille Sawiris pour le paiement d’une partie des impôts dus à l’Etat égyptien.

Mohamed Nahas a précisé que la société OCI, que dirige le père de Naguib Sawiris, a déboursé la bagatelle de 890 millions de dollars comme avance sur la totalité des sommes dues, après des années d’évasion fiscale, sur un total de 2,2 milliards de dollars.

Cette démarche était devenue inévitable pour cette dynastie, la plus fortunée d’Afrique, qui a traversé les frontières pour atterrir en Algérie où l’un de ses membres, Naguib Sawiris, a maille à partir avec la justice algérienne pour les mêmes motifs.

Son compatriote Tamer El-Mahdi, directeur général de l’opérateur de téléphonie mobile Djezzy, est aujourd’hui en cavale, après avoir écopé de deux années de prison ferme. Un mandat d’arrêt international a été lancé à son encontre. Pour rappel, le procureur général Talaat Abdallah avait décidé d'inscrire Onsi Sawiris, père de Naguib Sawiris et fondateur de la société Orascom Industries (OCI), et son fils Nassef Sawiris, président du conseil d'administration, sur la liste des personnes interdites de quitter le territoire égyptien.

La décision du procureur général intervenait suite à la requête soumise au parquet par le ministre des Finances, Morsi Higazi, en vue d'intenter une action pénale contre ces deux personnes et les soumettre à un interrogatoire à la lumière des faits qui leur sont reprochés, liés à l'évasion fiscale et le non-règlement d'impôts de près de 14 milliards de livres égyptiennes (2,2 milliards de dollars) sur des bénéfices réalisés dans la transaction de vente de la société Orascom Building à la société française Lafarge, estimés à près de 68 milliards de livres égyptiennes (environ 10 milliards de dollars). Orascom n’en est pas à son premier scandale. Il s’avère que la famille Sawiris a construit sa fortune sur la fraude et la tricherie.

 

http://www.algeriepatriotique.com/article/la-dynastie-sawiris-negocie-avec-les-services-des-impots-en-egypte-pour-eviter-la-prison

more...
No comment yet.
Scooped by Egypt-actus
Scoop.it!

Egypt Bans OCI Chief From Travel Over Tax-Evasion Claim

Egypt Bans OCI Chief From Travel Over Tax-Evasion Claim | Égypt-actus | Scoop.it

Nassef Sawiris, chief executive of Orascom Construction Industries, has been banned from travel by Egypt and placed on an arrivals watch list, the state-run Middle East News Agency said, citing an unidentified judicial official.

Sawiris, head of Egypt’s biggest publicly traded company, and his father, Onsi, are accused by Finance Minister El-Morsi EL-Sayyed Hagazi of owing 14 billion Egyptian pounds ($2.1 billion) in back taxes, MENA said. OCI, which has construction and fertilizer units, represents about a quarter of the EGX 30 Index. OCI’s investor relations manager, Omar Darwazah, said by phone that he was unable to comment on the travel ban.

 

President Mohamed Mursi said in an Oct. 6 speech that the government is seeking to recover money it’s owed by companies. While not identifying any company, he said one of them avoided paying tax on a profit of about 80 billion pounds from the sale of an asset by listing it on the stock exchange two months previously.

OCI sold its cement unit, Orascom Building Materials Holding, in December 2007 to France’s Lafarge SA (LG) for 8.8 billion euros ($11.5 billion) after it was relisted on Egypt’s exchange in October of that year.

 

More on: http://www.bloomberg.com/news/2013-03-03/egypt-bans-oci-chief-sawiris-from-travel-over-tax-evasion-claim.html

more...
No comment yet.