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Jul 01, 2005: JTI to Fight On

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.