South Project

This pamphlet is a summary of some of the research done on the case of transfer mispricing at Vale S.A. Vale is the largest mining company in Brazil, bringing in billions of dollars in revenue each year, and operating across the country - often leaving a devastating ecological footprint in its wake. This pamphlet shows an example of how local municipalities may have lost out on crucial tax revenue through alleged profit shifting at Vale between 2010 and 2011. This pamphlet was produced as part of a tour through Europe by Latin American mine-affected communities, called the ‘Latin American Caravan for the Defence of Integral Ecology Under Times of Extractivism’.