Total pays top dollar for Teodorin’s “ill-gotten gains”

摘要

After negotiating with the EquatorialrnGuinean government over a tax disputernsince 2012, Total has now been hit withrna €73 million tax adjustment in its disfavour.rnAs the main distributor of oilrnproducts in the country via its networkrnof service stations, Total has beenrnclaiming payment for several deliveries.rnAlas, the case, initially monitored byrnfinance minister Marcelino Owono,rnthen his successor Miguel EngongarnObiang Eyang, has now backfired onrnthe French major who has seen itsrnrequest for payments inverted intornadditional taxes.