Business English Reading Comprehension: Vale SA's Legal Fight in Brazil

📚 Key vocabulary for this topic
tax dispute — a disagreement between a taxpayer and a tax authority about the amount of tax owed
mining company — a company that extracts minerals, metals, or other materials from the earth
subsidiary — a company owned or controlled by a larger parent company
tax assessment — an official determination by a tax authority of the amount of tax a person or company owes
appeal — a formal request to a higher authority to review and change a previous legal or tax decision
liability — a financial obligation or debt owed to an outside party
jurisdiction — the official authority of a court or government body over a specific area or type of case
transfer pricing — the price set for transactions between related entities within a multinational corporation
penalty — an additional amount charged by a tax authority when rules or deadlines have not been followed
ruling — a formal decision or judgment made by a court or regulatory authority