Cisco's Brazil office faces tax probe
Tax probe for Cisco's Brazil office: $500m of equipment allegedly imported without paying duties
The Brazilian HQ of Cisco Systems has been raided as part of a tax evasion
investigation, according to reports.
As much as $500m (£246m) of equipment might have been imported without paying
the correct duties over the last five years.
A spokesman for the firm said it was fully cooperating, and establishing what
had happened in the office, reported the