Brazil’s Supreme Court judgment in CFC case brings good and bad news for Vale

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Brazil’s Supreme Court judgment in CFC case brings good and bad news for Vale

Joe Dalton
April 10 2013
vale-logo.jpg

The Supreme Federal Court (STF) of Brazil resumed its judgment in the case set to decide the constitutionality of the country’s controlled foreign company (CFC) rules yesterday and confirmed an injunction meaning mining multinational Vale will not have to pay its R30.55 billion ($15.09 billion) tax assessment until the court has made further analysis.

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Joe Dalton worked at ITR between 2011 and 2013
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