Bloomberg News

Vale Won’t Settle Swiss Government Tax Dispute, Le Temps Reports

May 19, 2012

Vale SA (VALE3) plans to fight a Swiss government tax claim against the company for 212 million Swiss francs ($226 million), Le Temps reported, citing an interview with Renato Neves, president and director of Vale International.

The case may reduce the appeal of Switzerland to multinationals, Neves told the Swiss newspaper.

A spokeswoman for Rio de Janeiro-based Vale, who can’t be named in line with company policy, declined to comment.

To contact the reporter on this story: Simeon Bennett in Geneva at

To contact the editor responsible for this story: Phil Serafino at

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