Aug 19, 2010
Brazil showed signs of continued economic recovery in July, announcing an increase in its tax collections levels compared to both the previous month and the same month of 2009. In its latest federal tax report, released August 17th, the Brazilian Ministry of Finance announced that total tax collections in July reached BRL 67.97 billion (approx. [...]
Brazil showed signs of continued economic recovery in July, announcing an increase in its tax collections levels compared to both the previous month and the same month of 2009.
In its latest federal tax report, released August 17th, the Brazilian Ministry of Finance announced that total tax collections in July reached BRL 67.97 billion (approx. USD 38.75 billion). The figure represents a 10.8 percent increase over July 2009, and 10.5 percent rise in comparison to June 2010. The total tax revenues for the ... Read More
Aug 10, 2010
The Federative Republic of Brazil has been praised for the steps it has taken to combat money laundering and terrorist financing, through a series of legal changes and legal infrastructure improvements. The Financial Action Task Force (FATF), an inter-government body created to develop international anti-money laundering policies, has evaluated and approved the Brazilian Government’s implementation [...]
The Federative Republic of Brazil has been praised for the steps it has taken to combat money laundering and terrorist financing, through a series of legal changes and legal infrastructure improvements.
The Financial Action Task Force (FATF), an inter-government body created to develop international anti-money laundering policies, has evaluated and approved the Brazilian Government’s implementation of the National Strategy Against Corruption and Money Laundering (ENCCLA). According to FATF’s report, released August 9th, the Government has developed coherent and sound strategy for anti-money laundering ... Read More
Feb 26, 2010
The Central Bank of Brazil has reported that the national budget surplus rose to BRL16.19 billion (approx. USD 8.8 billion) in January, a marked improvement over the previous month, and over the same period in 2009. Signaling an economic recovery for the country, the Brazilian Government has announced that it has experienced the second highest [...]
The Central Bank of Brazil has reported that the national budget surplus rose to BRL16.19 billion (approx. USD 8.8 billion) in January, a marked improvement over the previous month, and over the same period in 2009.
Signaling an economic recovery for the country, the Brazilian Government has announced that it has experienced the second highest budget surplus ever recorded in the month of January for the country. The surplus, which included revenues from the federal government, local governments and state enterprises, had increased ... Read More
Aug 26, 2009
In the face of falling revenues, Brazil’s governing coalition are looking to implement a new tax on financial transactions. Facing a financial situation not dissimilar to governments worldwide, Brazil’s leading coalition in Congress will attempt to instate a new financial transaction tax, to offset its own falling revenues and increased spending. The government will attempt [...]
In the face of falling revenues, Brazil's governing coalition are looking to implement a new tax on financial transactions.
Facing a financial situation not dissimilar to governments worldwide, Brazil's leading coalition in Congress will attempt to instate a new financial transaction tax, to offset its own falling revenues and increased spending. The government will attempt to push through a bill which will see a 0.1% tax implemented on all financial transactions. The tax, if accepted, will see an extra BRL12 billion in the ... Read More
