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USA changes credit rules and companies in Brazil fear double taxation

By Mariana Ribas

RIO DE JANEIRO, BRAZIL - A change in U.S. credit rules has led U.S. companies operating in Brazil to fear double taxation. In response, sources interviewed by JOTA claim that multinationals may choose to establish a business in another country with a favorable treaty to avoid the impact of the change. Experts believe the impact will be felt by the middle of this year.

The new rule, which has been in effect since last December, changed the eligibility requirements for the offset and stipulated that only countries with tax laws similar to the U.S. are . . .

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