Chevron has filed tax returns worth about $300 million to Venezuela's socialist regime, raising concerns about the financial benefits dictator Nicolás Maduro receives from the company's oil production despite existing sanctions. The US imposed sanctions on Venezuela's state oil company PDVSA in 2019 due to human rights violations by the Maduro regime. Chevron's joint ventures filed income tax equivalent to $217 million and $83 million respectively, prompting questions about how the company complies with its operating license prohibiting payments to Venezuelan entities.
California-based company Chevron filed tax returns worth about $300 million to the Venezuela n socialist regime, raising questions about how much dictator Nicolás Maduro benefits from Chevron ’s oil production despite existing oil sanctions, Bloomberg
Bloomberg stated in its report that it is “unclear if, or how, Chevron paid those taxes,” as any form of payment to the Maduro regime would appear to be in violation of theof the license to operate in Venezuela. That license prohibits the company from paying taxes, royalties, or dividends of any kind to Venezuela’s state-owned oil company PDVSA or any state entity.
Bloomberg stated in its report that Chevron’s relationship with Venezuela is likely to come under intense scrutiny in the second Trump administration. Trump is expected to take “a harder line against the Maduro regime than Joe Biden’s administration.”
Chevron Venezuela Sanctions Maduro Oil
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