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News Wire / economy

Brazil Implements 20% Tax on International Purchases

CBN São Paulo Sao Paulo 1h1h Impact 5
Brazil's government is moving forward with a 20% tax on international purchases up to $50. The tax is expected to impact consumers and businesses involved in cross-border trade.

Topics

taxation international trade Brazil

Developing

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Sources · 7 independent

CBN São Paulo

“para viabilizar a cobrança da taxa de 20% sobre as compras internacionais.”

CBN São Paulo AAC

“20% sobre as compras internacionais de até 50 dólares. Pra compras ass.”

ABC NewsRadio AU

“ability about the economy. Would some people maybe not see it as a tax cut though? Would they just see it as keeping up with inflation? And not being overtax ed? I mean, is there two ways to look at this?”

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