(OPE-L) Re: latest shoe on Venezuela's oil

From: glevy@PRATT.EDU
Date: Sun Oct 10 2004 - 19:46:31 EDT

> He said he was raising the exploitation tax on several multibillion dollar
> oil ventures in the southeast Orinoco belt to 16.6 percent from the
> current
> level of 0-1 percent, which he criticized as "negligible."

Michael L,

What is the definition of an "exploitation tax"? Is
this tax levied only on transnational corporations?
Has there been any national discussion about what
exactly constitutes exploitation?

In solidarity, Jerry

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