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Brazil could raise US$1.1 billion from minimum tax on multinationals – study

RIO DE JANEIRO, BRAZIL - After years in dispute, the G-7 group of seven largest economies signed a landmark agreement to tax multinational companies at a minimum rate of 15%, which may bring about a change in the tax war scenario between countries, and could even give Brazil a tax collection boost of €900 million (US$ 1.1 billion) per year.

The calculation was disclosed in simulations performed by researchers at the European Union Taxation Observatory, an independent tax research laboratory based at the Paris School of Economics.

The study considers several scenarios for the implementation of the global tax . . .

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