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Brazilian Supreme Court hears a case that could have a billion-dollar impact on companies in the country

After Carnival, the Federal Supreme Court (STF) is expected to judge a case that could generate a billion-dollar impact on companies' cash flow.

The case concerns the VAT on state-leve sales and services (ICMS) collection on transferring products from the same company between states.

Retail is one of the sectors that can be most impacted since it is organized between distribution centers that send products to stores throughout Brazil.

In the judgment, the justices will decide . . .

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