Vitol Capital Management are reported to be in talks with Hong Kong exchange-listed Shenzhen Trimatic Holdings to act on their behalf to negotiate the settlement with the US tax authorities over the $16.9 million allegedly owed in outstanding corporation tax to the IRS.
Vitol Capital Management CEO Douglas Harbecker said "We anticipate an end to this long running dispute by the end of 2007."
He further added, "We are extremely pleased by this appointment and it further confirms Vitol Capital Management's position as one of the worlds leading team of tax consultants”
