Brazil court rules in Vale’s favor on foreign taxation
RIO DE JANEIRO, April 24 (Reuters) – A Brazilian appeals court on Thursday gave mining company Vale SA a partial victory in its 22.3 billion real ($10 billion) dispute with Brazil’s government over the taxation of its foreign units.
Brazil’s Superior Justice Tribunal, the last court of appeal before the Supreme Court, ruled three to one that Brazilian treaties with Belgium, Luxembourg and Denmark prevent Brazilfrom taxing the profits of Vale units in those countries, the court’s press office said.
Read more at: http://www.reuters.com/article/2014/04/24/vale-taxes-idUSL2N0NG2BD20140424
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