Brazil Fuel Giant Strikes US$4.2B Tax Deal
8 Articles
8 Articles
Raizen concluded a tax agreement with the Attorney General of the National Farm and the Federal Revenue on Wednesday (28). The [...]
Rooten closes tax transaction of R$ 22.4 billion with the PGFN and gets discount of R$ 8.5 billion; agreement is precondition of the group's out-of-court recovery plan.
Raízen (RAIZ4) and other companies in its economic group closed a tax transaction with the Attorney General of the National Farm (PGFN) and the Brazilian Federal Revenue (RFB), involving debts of R$ 22.4 billion. The agreement was announced on Wednesday (28), in fact relevant. Of the total, R$ 16.7 billion correspond to debts of economic responsibility [...]
Of the total agreed value, R$ 16.7 billion are the responsibility of the company and R$ 5.7 billion are linked to the controlling shareholders: Cosan and Shell
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