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Oil export tax should slow investments, says the Brazilian Institute of Oil and Gas

The creation of an oil export tax should curb investments in the sector and have consequences on the federal revenue itself, according to the president of IBP (Brazilian Institute of Oil and Gas), Roberto Ardenghy, in an interview with Poder360.

"The tax is federal, but the state and the municipality end up collecting less in ICMS [Tax on the Circulation of Goods and Services] and ISS [Tax on Services of Any Nature]."

"That project that was going . . .

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