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Cisco Offices Raided, Execs Arrested In Brazil

Posted by kdawson on from the where's-my-white-hat dept.

Many readers are writing in about the raids and arrests in Brazil's Cisco operation. At least 40 people were arrested earlier today, and Brazilian authorities asked the US to issue arrest warrants for five more suspects in this country. The allegation is that Cisco brought at least $500M of equipment into Brazil without properly paying import duties, and now owes over $826M in taxes, fines, and interest.

1 of 537 comments (clear)

  1. Only the stupid pay taxes in Brazil by mangu · · Score: 5, Informative
    I'm a Brazilian citizen, and I don't have to post AC to state this: I only pay taxes as a last resort.


    What would you do if you had to pay a sales tax of 40%?


    What would you do if you had to pay import duties of 100%?


    What would you do if you had to pay a total of 70 (seventy) different taxes to city, state, and federal government on a single product?


    This is what happens when public servants can retire after, in some cases, eight years of "work", with full pay. Getting promotions and raises after retiring. Brazil is the paradise of public servants. Everyone I know is trying to get a job as a public servant. I know of people who have gone through five years of college to get a job as a street sweeper.


    That's why the Transparency International organization states that "Some of the countries that have a significantly worse rating since 2005 include Brazil,".


    If only we would shoot all public servants in the street, Brazil could be the richest country in the world, but, unfortunately, too many people are greedy, and too many Brazilians allow this situation to continue because they themselves want to get a public job...