Recent

% | $
Quotes you view appear here for quick access.

Vale S.A. Message Board

  • should_have_figured should_have_figured Sep 26, 2013 3:28 PM Flag

    Petrobras sees Dutch tax benefits for African operations • 3:12 PM

    Petrobras sees Dutch tax benefits for African operations • 3:12 PM

    Petrobras (PBR -0.3%) is busy relocating staff ranging from geophysicists to financial administrators to offices in the Netherlands to handle its African operations with an eye toward reducing taxes and costs, Bloomberg reports.
    In the Netherlands, one of 30 countries with which Brazil has double-taxation agreements, PBR would pay a 25% tax rate vs. 35% in Brazil and 40% in the U.S., an advantage that can be applied to African operations that last year posted EBITDA of $1.96B.
    Building a Dutch corporate presence comes as Brazil’s biggest exporters including iron ore miner Vale (VALE) fight government attempts to tax profits of their foreign subsidiaries.
    Read comments

    VALE price at time of publication: $16.10.

    Sentiment: Buy

 
VALE
2.58+0.20(+8.40%)10:31 AMEST