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.
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The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year