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BRAZIL: Large Corporates Holding Out For Better Deals In Tax Settlement Dispute

BRAZIL
  • While the government is hoping to reach settlements in its corporate tax disputes to help balance the budget next year, some large companies are holding out for better deals.
  • The government is aiming to raise at least BRL 30bn from tax settlements to help it realise BRL 166.4bn in additional revenues needed to reach its zero primary deficit goal for next year.
  • The government wants payments to be made in one lump sum, but some of the country's largest companies say they still need a more business-friendly agreement.
    • "*BRAZIL COMPANIES PUSHING LULA FOR BETTER DEALS ON BACK TAXES"
    • "*TAX SETTLEMENTS COULD BOOST BRAZIL GOVT REVENUE BY 130B REAIS"
    • "*BRAZIL IN TALKS WITH 10 COMPANIES; 2 SAID TO BE HOLDING OUT" - BBG
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