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Cisco Offices Raided, Execs Arrested In Brazil
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.
Translation:
Cisco officials were pwned by Brazilian authorities for not bribing enough of the right people with the right amount of money.
$826M in taxes over $500M worth of high-tech imports?
Those cavemen should be kissing Cisco's ass for providing them modern infrastructure; instead they throw them in jail.
No wonder that Latin America is the shithole it is.
Compare that to China or US where the innovators get tax wavers, research grants, and free land, and you start to understand who will be the World leaders.
Obama likes poor people so much, he wants to make more of them.
Cisco closes Brazilian plant, hundreds of jobs lost.
"Nine times out of ten, starting a fire is not the best way to solve the problem." - my wife
There is a NEW company in brazil that just recently started building routers and switches. Most likely, it is using OSS as its base (smart), so is now paying politicians to damage Cisco (stupid).
I prefer the "u" in honour as it seems to be missing these days.
getting moded Troll. What the hell, I am not one for xenophobia, but national pride is almost as bad. So I'll throw my name in the troll hat. Please, wait until the rest of all Brazilian routers are confiscated before making the rest of your jokes. I mean are those jokes that good that they can't wait a day or two?
Any guest worker system is indistinguishable from indentured servitude.
The U.S. government is far, far more corrupt than most people in the U.S. realize. Here is only one example: Context of '1996-September 11, 2001: Enron Gives Taliban Millions in Bribes in Effort to Get Afghan Pipeline Built'.
Well, actually we play soccer, but for the rest you are 100% correct. I'm ashamed of being Brazilian. This country sucks!
Oh, and being an Extreme Networks reseller, all I can say about Cisco is: Ha ha!
"Emancipate yourself from mental slavery, none but ourselves can free our minds !"
therefore I submit to you: why pay? at all?
Because it's the freaking LAW!