Swedish Cosmetics Co. Confirms Russian Tax Search

Law360, New York (August 5, 2014, 1:54 PM EDT) -- Swedish makeup company Oriflame Cosmetics SA on Tuesday confirmed that Russian police have searched the company's Moscow offices over a tax investigation launched several years ago.

Oriflame, which sells cosmetics directly to consumers, is under investigation for 3 billion rubles ($84 million) in allegedly unpaid taxes between the years 2006 and 2010, according to Russian media. The company stated that the police raid was a surprise because it has been cooperating with authorities. The investigators haven't yet reached a decision.

"Several independent local and international experts have confirmed that Oriflame’s tax practices are in accordance with applicable local and international legislation,"...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections