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December 19, 2012
12:17 EDTVALEVale resolves tax dispute with Swiss federal authorities.
In a regulatory filing from earlier today, Vale informs that its wholly-owned subsidiary Vale International (ValeI), based in St. Prex, Canton of Vaud, Switzerland, has resolved its tax dispute with the Swiss federal authorities. The tax dispute was related to the federal tax holiday granted to ValeI in 2006 and the differences in its interpretation. Vale decided to clear the dispute and will pay the additional taxes claimed by the Swiss federal authorities for a total of CHF 212M. Vale has made a provision of US$ 37 million and the difference will impact our income statement in the fourth quarter of 2012. Payment will be made in installments, starting in January 2013, with the last one taking place in 2015.
News For VALE From The Last 14 Days
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February 10, 2016
05:15 EDTVALEStocks with implied volatility movement; MNKD VALE
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February 1, 2016
05:15 EDTVALEStocks with implied volatility movement; VALE GPRO
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January 29, 2016
06:55 EDTVALEVale proposing 'zero' dividend this year to save cash, WSJ says
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January 28, 2016
17:20 EDTVALEVale board to consider zero dividend for 2016
Vale announced that, in compliance with its dividend policy and due to price volatility in mineral commodities, its executive board has approved and will submit to the board of directors a proposal for a minimum dividend equal to zero for 2016. "As the year progresses and we have more clarity on the market scenario, the board of directors may decide on the distribution of some remuneration to shareholders, provided that there is sufficient cash flow generation," the company said. In addition, in order to better align Vale's dividend policy with the current environment of commodity prices uncertainty, the executive board will submit to the board of directors a proposal to revise the current dividend policy. If approved by the board, the implementation of the proposal will be subject to approval at Vale's April shareholders meeting. Reference Link

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