TaxWorldWeb – International Tax News

Most Recent

As legislators from the Organization for Security and Cooperation in Europe (OSCE) member states gathered in Oslo on July 6 for the annual session of the organization’s Parliamentary Assembly, led by Kazakhstan, the organization’s chair this year, the irony of a corrupt government presiding over the meeting, whose theme this year is “Rule of Law: Combating Transnational Crime and Corruption,” was palpable. After all, President Nazarbayev is an unindicted co-conspirator in the longest-running and largest corruption trial in the history of the US Foreign Corrupt Practices Act (FCPA). The so-called “Kazakhgate” case, which is being heard in the Southern District Court of New York, involves allegations of kick-backs in tens of millions of dollars from oil companies wishing to do business in Kazakhstan and facilitated by a shady American middleman.