The Tax & Investment policy agenda aims to enhance bilateral investments between Brazil and the United States by means of facilitating cross-border investments and reducing the cost of doing business for foreign companies.
The Council is working on the following agenda:
- Support tax simplification reforms in Brazil to reduce the complexity and cumulative nature of federal, state, and municipal tax systems to reduce costs for enterprises and improve legal certainty.
- Support reform of the current PIS/COFINS legislation in Brazil.
- Endorse resuming formal negotiations between Brazil and the U.S. on a bilateral tax treaty that would eliminate double taxation and/or taxes on royalties, interest, and dividends.
- Recommend terminating the uncertainty of the so-called tax war among Brazilian states with new legislation that ensures predictability, protects past benefits already granted for the industry, and provides clarity on the concession of benefits.
- Promote efforts to harmonize the value-added tax (VAT), known in Brazil as the Tax on Operations Related to the Circulation of Goods and Services of Inter-Municipal Interstate Transportation and Communication (Imposto Sobre Operações Relativas à Circulação de Mercadorias e Serviços de Transporte Interestadual de Intermunicipal e de Comunicações–ICMS).
- Support Brazil’s adoption of the Organisation for Economic Co-operation and Development (OECD) investment principles.
- Support congressional action to loosen restrictions on rural land ownership as a means to economic growth in Brazil.
Committee membership is voluntary and exclusive to our members, and each group is chaired by one or more members. Contact us if you are interested in getting involved.More Testimonials