November 12, 2008

PRAXAIR INC: Brazil Units Still Facing Social, VAT Taxes Claims

COMPANIES: Praxair Inc
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Claims brought by the Brazilian taxing authorities against several of Praxair, Inc.’s Brazilian subsidiaries relating to various social and value-added (VAT) taxes are ongoing.

The social tax cases originated from 1988 to 1999, which was a period of hyperinflation in Brazil.…

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TOPICS: Chemicals/Petrochemicals/Plastics | Earnings | Legal Issues, Litigation | Loans & Financing | SEC-Qtrly, Annual Reports | Securities & Exch Comm, US
LOCATIONS: Brazil | North America | South America | United States