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Russia Will Allow PWC to Appeal Yukos Tax Case

Accounting group PricewaterhouseCoopers won a small decision in the Russian courts yesterday which will allow them appeal the egregious back tax ruling which they face as a result of having been involved with Yukos, “a case that several foreign courts have ruled was a politically motivated attack on its billionaire owner, Mikhail Khodorkovsky.” With their operating license for Russia on the line, executives are desperately hoping to stand before a fair court in the appeals process. Many believed that PWC withdrew their Yukos audits while under pressure from the Kremlin that the legal problems would end, but this hasn’t been the case.