Brazil's federal tax revenues grew 17.96% year-on-year in June to a record high, according to official data released Thursday, boosted by higher corporate income taxes and oil royalties.
According to the revenue service, federal tax revenues were R$181.04 billion (US$33.14 billion), the highest June figure since the data series began in 1995.
The government said corporate income tax was up 37.47%, following higher contributions from the fuel and retail sectors.
The tightening of monetary policy by the central bank to curb inflation has lifted yields on fixed-income investments and, as . . .
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