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Home>Brazil Raises Tax on Financial Firms -- Update

Brazil Raises Tax on Financial Firms -- Update

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Fri, 22 May 2015

By Rogerio Jelmayer SÃO PAULO--The Brazilian government announced Friday an increased tax on financial firms' profits, part of an effort to boost the country's revenue and cut its budget deficit amid weak economic growth. Analysts disagree on whether the increase will hit bottom lines. The tax,
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