Brazil’s government collected a total of R$50.9 billion in one-off tax revenue from a program aimed at “repatriation” of money held abroad, but never declared, by Brazilian citizens. The program lapsed Monday after some 25,000 individuals declared substantial holdings abroad, paying a total of 30 percent in taxes and penalties. The money will be shared between federal, state and municipal governments. It comes at a time of widening public sector deficits.
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