Chavez Sees a Gusher in Windfall Tax

Venezuela's President keeps demanding more from foreign oil companies. Now he's considering a tax on anything above $80 a barrel

Venezuelan President Hugo Chávez is exploring a new tool to extract money from foreign oil companies: a windfall profits tax. If implemented, the tax would mark the fifth time since October, 2004, that Chávez has increased his portion of oil earnings.

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