Bloomberg News

Switzerland to Charge Vale 212 Million Swiss Francs, Valor Says

March 26, 2012

Vale SA (VALE3) will have to pay 212 Swiss francs ($233 million) of additional retroactive tax in Switzerland for the period of 2006 to 2010 for failing to comply with a taxation agreement with the European country, Valor Economico reported, without saying where it got the information.

The amount will be in addition to the 285 million Swiss francs already paid during the period, according to the Sao Paulo-based newspaper.

To contact the reporter on this story: Karen Eeuwens in London at keeuwens@bloomberg.net

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net


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