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December 5, 2014
By: TOM BRANNA
ARGENTINA: The country continues to be a battleground for Procter & Gamble. The company temporarily suspended operations there after the country’s tax authority, which has accused the company of tax fraud, said it started meetings with P&G. Argentina accused the company of hiding income and over-billing $138 million in imports to get money out of the country, which three years ago introduced stringent capital controls in order to protect its fast-dwindling foreign reserves. Argentine authorities accused the household products giant of tax fraud and suspended its operations in the country
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