Brazil’s Congress Approves CPMF Tax with 2016 Budget

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With only days to go before the start of a new year, Brazil’s Congress approved on Thursday the 2016 Budget which calls for the creation of a tax over financial transactions (CPMF tax) and establishes a lower primary surplus target, of 0.5 percent of the […]