Egypt's Orascom faces new Algeria tax bill
Egyptian telecom giant Orascom Telecom said Thursday its Algeria unit has been hit with a $230 million preliminary tax reassessment, marking a new and increasingly acrimonious chapter in the company's relations with the North African nation.
OT said in a statement that it would take all "necessary legal steps" to challenge the new tax bill, which came even after the company had already had its accounts audited by its local auditor and had paid the taxes due for 2008 and 2009, the years in question. (AP)
