Chevron to clear tax case

Chevron to clear tax case

LOS ANGELES (Reuter): Chevron Corp said that it had decided to
hand over to the U.S. Internal Revenue Service tax documents
related to its Indonesian operations in order to "clear the air"
over allegations that crimes or frauds may have been committed.

"Nothing supports this nonsense about crimes and fraud," said
Chevron spokesman Mike Libbey. "We had withheld the documents
earlier because we felt attorney client privilege was an
important principle, but that was superseded by an issue that
really threatens our reputation."

Chevron said earlier on Monday that the IRS had requested
documents regarding Chevron negotiations with the government of
Indonesia and Pertamina, the state oil company there, in a
dispute over US$1.4 billion in tax credits.