It is 12 months since Brazil introduced a new financial transactions tax. André Gomes de Oliveira and Francis Lisboa Moreira of Castro, Barros, Sobral & Gomes explain how initial outflows of capital have subsided and how the new tax is bringing in increasing levels of revenue to the country.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap