October 16, 2007
9:37 PM   Subscribe

Cisco under investigation in Brazil amid allegations of import tax evasion Cisco Systems’ (CSCO) Brazilian office was raided by that country’s authorities for undisclosed reasons. Local media is suggesting there are “tax issues,” including a potential tax liability (and penalties) of up to $830 million. (According to Om Malik at www.gigom.com)
posted by thedailygrowl (10 comments total)

This post was deleted for the following reason: This doesn't really seem like Big News to the point that it's worth a random newsfilter post. -- cortex

...and so?
posted by Spacelegoman at 9:49 PM on October 16, 2007

posted by Blazecock Pileon at 9:58 PM on October 16, 2007

posted by smackfu at 10:36 PM on October 16, 2007

So? Why on earth would I care about this?
posted by delmoi at 10:50 PM on October 16, 2007

I sure hope the Brazillian government is running Junipers, or they will be getting reeeeally old IOS patches..
posted by b1tr0t at 10:59 PM on October 16, 2007

b1tr0t, one way the Brazilian government could recoup Cisco's tax liability is by seizing source code, designs, etc. They could then nationalize the IP or sell it to the highest domestic bidder and run Cisco out of business.
posted by infinitewindow at 12:05 AM on October 17, 2007

They weren't evading taxes they were just routing around them.
posted by srboisvert at 1:03 AM on October 17, 2007 [1 favorite]

Cisco... cisco.... crisco.... Crisco? Crisco is in trouble in Brazil? Infringing on the already established fake lard market huh? Fuckin' imperialist dogs...
posted by From Bklyn at 4:56 AM on October 17, 2007

Is this the same Brazil Where 70% of Computers Are Pirated?
posted by StickyCarpet at 4:56 AM on October 17, 2007

Rule no. 1, thou shall not take money out of Brazil, if thou triest, thou shall pay dearly.
posted by caddis at 5:32 AM on October 17, 2007

« Older Mirror prank.   |   Terrorism or fearmongering? Newer »

This thread has been archived and is closed to new comments