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Brazil’s Economy Minister removes real estate funds from tax reform to preserve the industry

RIO DE JANEIRO, BRAZIL - Economy Minister Paulo Guedes on Wednesday, July 14, confirmed that real estate funds (FIIs) will be removed from the bill to tax dividends under the tax reform. "We have removed real estate funds from the reform in order not to kill this industry," he said.

The Minister said that the government has conceded to the private sector in the preparation of the reform, which led to the revision of what . . .

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