ST. PETERSBURG (SPT) - Subsidiary of Tokyo-based manufacturer, Japan Tobacco International, will challenge a decision by the Moscow Arbitration Appeals Court to uphold a ruling to recover $70 million in taxes, the company said Wednesday in a statement.
The court upheld a September 2, 2004 ruling which followed a decision by the tax authorities to charge JTI Marketing & Sales around $70 million in back-taxes for 2000.