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Image: Raymond J. Learsy: Hugo Chavez's Very Excellent Windfall Oil Profit Tax

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First Buzzed By: cgodinlna

Raymond J. Learsy: Hugo Chavez's Very Excellent Windfall Oil Profit Tax

Submitted: Apr 17, 2008 - Hugo Chavez is not a friend of ours, but he does come up with some good ideas. As reported in the Wall Street Journal ("Venezuela Passes New Oil Tax" 04.16.08), on Tuesday, at his direction, Venezuela's National Assembly passed an oil windfall profits tax that will be assessed against all of Venezuela's oil producers ranging from the state oil firm Petroleos de Venezuela and extending to its…

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