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Argentina Suspends P&G’s Operations

Government claims the company is involved in tax fraud.

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By: TOM BRANNA

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Go ahead, cry a little bit for Procter & Gamble. The world's biggest FMCG company said on Monday it had temporarily suspended operations in Argentina after the country's tax authority, which has accused the company of tax fraud, said it started meetings with P&G. On Sunday, 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 ...

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