Italian authorities investigate Glencore, Portovesme pricing
Jun 11, 2013 | 02:01 PM
| Mark Burton
LONDON Tax authorities are reviewing raw material transactions between Glencore Xstrata Plc and its wholly owned Portovesme smelter on the Italian island of Sardinia, the Baar, Switzerland-based company said.
The confirmation came after Italys Guardia di Finanza alleged that it had uncovered a tax evasion scheme totaling more than 120 million ($159.5 million) at an unnamed lead and zinc producer on the island. ....
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