December 23, 2009
The Algerian State's Ongoing Score Settling: The Orascom Tax (or how dare you sell your assets on the free market-Whitax, you dumb Egyptian bastards)
While without having direct access to the Orascom dossier, this charming news item amuses me Orascom Telecom suspendu à la décision du fisc algérien sur sa filiale algérienne OTA - Economie et Business - Tout sur l'Algérie (Orascom Telecom in suspended animation waiting for the tax decision on its Algerian affiliate)
Generally speaking it seems clear that the Algerian Gov't (to the extent there is a coherent policy), has gone into a fine 1970s "soaks the foreigners" and favour political economic actors (1970s again, ah the youth of Boutef...), Marchés publics : le gouvernement veut réduire la part des groupes étrangers - Economie et Business - Tout sur l'Algérie (Public Markets, the Government wishes to reduce the market share of foreign groups). The article charmingly notes that the Government is looking to revise the rules on tendering so as to give priority to "National Firms" (not defined but without doubt favouring state firms who can't otherwise compete...) - and without doubt exceptions to "strategic partners" such as the Chinese firms that import most of their labour.... What's disturbing here is that the Algerian government is attacking the most effective investors in the economy, the investors who have produced real value, and remaining silent and complacent regarding the Chinese that frankly are rather less employment generative in their contracting and investments. It's sad (and counter productive) that the Algerian state remains trapped in a reactionary cycle with France,
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Arabs always fought over trivial things if the football and no one lifted a finger to be reconciled,thanks for post.
Posted by: rachid at December 25, 2009 03:58 AM