- 50 - the ARE. Banbi agreed to provide letters to Amoco to prove the point. Banbi indicated that he was relying on A. Radwan for help on the details of making the change to taking a deduction in a retroactive manner and met with Banbi after the Amoco representatives had left. On May 13, 1992, A. Radwan informed Pitman that Banbi had instructed him to work out the change of EGPC's tax credit. A. Radwan told Pitman that EGPC would do its best. Pitman viewed this as a sign that A. Radwan would not give up the credit so easily. Amoco representatives met with A. Radwan on May 14, 1992, where they made a point of emphasizing that Banbi had given the go-ahead to work out the change to a deduction retroactively. A. Radwan raised several obstacles to Amoco's suggestion that a retroactive change of EGPC's tax credit would be relatively easy to accomplish. It appeared that A. Radwan was trying to create as many obstacles as possible to the suggestion that the retroactive change was relatively easy to accomplish. A. Radwan described Amoco's request for a retroactive change as a "new request". A. Radwan reminded Amoco that it had previously requested EGPC's help to show only two points: (1) That EGPC is part of the Egyptian Government, and (2) that EGPC does not receive a subsidy from the Government. When Lenahan asked A. Radwan point blank whether he agreed with the ruling of thePage: Previous 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 Next
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