Brazil currently taxes international companies, says Economy Minister on Yellen’s proposal

"We have been strongly discussing digital transactions and their taxation as a substitute for many other taxes," said Minister of Economy Paulo Guedes.

RIO DE JANEIRO, BRAZIL - Brazil currently taxes international companies in some form, said on Tuesday Minister of Economy Paulo Guedes in an online event of Itaú LatAm, when commenting on United States Treasury Secretary Janet Yellen's proposal to create a global minimum tax for companies.

He explained that Brazil taxes remittances of values abroad. "It is perhaps not the best solution," he conceded, adding that the collections are made "very begrudgingly."

This taxation, he commented, may in the future be part of some international agreement on taxation. But this is a topic of much debate, he said. Brazil is . . .

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