Political Risk

Argentina suspends P&G over tax claims

“Argentina has banned the consumer products giant Procter & Gamble (P&G) from doing business in the country, accusing the firm of tax fraud.

A statement on the presidential website, published on Sunday, said P&G had inflated the price of imports by $138m (£87m) in an effort to get money out of the South American country.”

Source:BBC News – Argentina suspends P&G over tax claims

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