Brazil has introduced new rules for calculating minimum interest revenue and maximum interest deductions for loans between Brazilian entities and related non-residents domiciled in tax havens or benefiting from a privileged tax regime abroad.
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The flagship 2025 tax legislation has sprawling implications for multinationals, including changes to GILTI and foreign-derived intangible income. Barry Herzog of HSF Kramer assesses the impact
Rolling out the global minimum tax has increased complexity, according to Baker McKenzie; in other news, Donald Trump has announced a 25% tariff on countries doing business with Iran