A tax on Extraction? Yes, you heard right, Mr. Chavez will be extracting as much money as he can and from whomever he can and he will be extracting it right over to the City of Extraction also known as Geneva. Can you spell Swiss Bank Account?
"We are going to create a new oil tax, called the tax on extraction," Mr Chavez told viewers of his marathon six-hour Sunday show. BBC NEWS | Americas | Chavez doubles tax for oil firms