Brazilian beer executives charged with tax evasion.Brazil's federal police have arrested two top brewery A brewery can be a building or place that produces beer, or a business (brewing company) whose trade is the production and sale of beer. Breweries can take up multiple city blocks, or be a collection of equipment in a homebrewer's kitchen. executives in a crackdown crack·down n. An act or example of forceful regulation, repression, or restraint: a crackdown on crime. Noun 1. on tax evasion The process whereby a person, through commission of Fraud, unlawfully pays less tax than the law mandates. Tax evasion is a criminal offense under federal and state statutes. A person who is convicted is subject to a prison sentence, a fine, or both. in the beer industry. Police arrested brothers Adriano and Alexandre Schincariol, who run the Schincariol family brewery that holds a reported 14 percent share of Brazil's domestic market--the world's fourth largest after the U.S., China and Germany. Police said the company and its distributors conspired to evade e·vade v. e·vad·ed, e·vad·ing, e·vades v.tr. 1. To escape or avoid by cleverness or deceit: evade arrest. 2. a. state and federal taxes by underbilling and receiving extra money without reporting it. The arrests were part of a probe aimed at curbing tax evasion in the beer market. AmBev, Brazil's top brewer, collaborated with tax officials during the probe. |
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