Vale (VALE -2.6%) shares tumbled in afternoon trading after Brazil's Supreme Court declared only...

|About: Vale S.A. (VALE)|By:, SA News Editor

Vale (VALE -2.6%) shares tumbled in afternoon trading after Brazil's Supreme Court declared only a partial end to double taxation of foreign units of Brazilian companies. The ruling seems to leave in question a 30.5B real ($15.4B) tax liability Vale disputes as improper double taxation.