Categories
· Cross-Border/Crime
non-USA, by Country
· Brazil
· Paraguay
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Jump to full article: The Wall Street Journal Interactive Edition, 2000-09-21
Author: Diana Rochford / Dow Jones Newswires; (55 61) 99656883; diana.rochford@dowjones.com
Intro: Brazil and Paraguay Wednesday signed an accord aimed at fighting tax evasion, and stimulating investments between the two countries, Brazilian tax officials said.
Brazil said it loses about 1 billion reals ($1=BRR1.8545) in tax revenue each year because of the illegal import of goods, mainly cigarettes, from Paraguay.
Paraguay, on the other hand, is also seen suffering heavily from illegal trade.
Under the agreement, Brazilian authorities will be allowed, in conjunction with its neighbor's officials, to inspect factories in Paraguay suspected of producing goods to be smuggled.
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Categories
· Business (Tobacco)
non-USA, by Country
· Paraguay
Organizations
· BAT
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Jump to full article: NewsEdge, 2000-07-04
Intro: The English tobacco company, British American Tobacco (BAT) will invest US$7mil to build a plant in Paraguay designed to supply this market and the Andean countries, Bolivia, Peru and Ecuador, according to sources in the sector.
The business would employ more than 200 people directly and would produce around 1.8 million cigarettes per year.
This decision is linked to tax incentives and low duties on capital investment in the country.
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