Brazil and Spain Sign Agreement on Super-Rich without Defining Taxes
7 Articles
7 Articles
The governments of Brazil and Spain signed, on Tuesday (10), a memorandum of understanding to expand cooperation in the creation and improvement of tax policies aimed at the population of greater wealth. The agreement seeks to strengthen the taxation of super-rich people, stimulate more progressive tax systems and combat the concentration of income and wealth. The initiative also intends to mobilize other countries around an international articu…
The Memorandum is valid for 3 years and seeks to expand international cooperation, but does not create obligations. Read on Power360.
The finance ministers of Spain and Brazil, Arcadi España and Dario Durigan, have signed a three-year memorandum of understanding (MdE) on Tuesday with the possibility of an extension to collaborate on fiscal progressivity and tax the fortunes of the 'superrich'.
Memorandum provides for international cooperation to tax large fortunes, but does not create taxes or establish compulsory rates
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