Auditors PWC loses tax appeal in Russia

MOSCOW, Sept 27, 2007 (AFP) - The Russian subsidiary of Pricewaterhouse Coopers, an international accounting firm, lost an appeal on Wednesday against a back tax bill of 10.4 million dollars (7.4 million euros). In a separate case earlier this year, PWC was found guilty and ordered to pay a fine for helping Yukos to avoid paying taxes. The company later withdrew several audit reports it had compiled for Yukos.
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A Moscow commercial court turned down PWC's appeal against a court ruling from last year for the company to pay Russian tax authorities for unpaid taxes and fines dating back to 2002.
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PWC has come under particular scrutiny in Russia because it was the main auditor for the Yukos oil empire, which has been dismantled by Russian authorities through a series of tax and fraud inquiries that began in 2003.

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