STXNEWS LATAM-Brazil court suspends vote on Vale tax case


Brazil's federal appeals court suspended its voting on thevalidity of an approximately 30 billion-real ($13 billion)disputed tax assessment on mining company Vale SA's overseasoperations on Tuesday. The ruling, on which members of theSuperior Justice Tribunal had begun to vote, was suspended aftera member of the panel asked for more information from the Rio deJaneiro-based company and Brazil's tax authority. When theruling was suspended, two of the five judges on the panel hadvoted, one in favor of Vale, the other in favor of the taxauthority. A third judge declared himself ineligible to vote.Voting could resume on Dec. 3 at the earliest, the court said.

View Comments (0)