Raízen secures $1.6B tax-debt discount in major restructuring agreement
In Brazil, Agribiz reports Raízen has secured an R$8.5 billion reduction in tax-related penalties and interest through an agreement with Brazil’s National Treasury Attorney General’s Office and Federal Revenue Service. The settlement covers R$22.4 billion in tax liabilities, of which R$16.7 billion is attributed to Raízen itself and R$5.7 billion to its controlling shareholders, Shell […]
