Financial strategies for minimizing corporate income taxes under Brazil's new global taxsystem

Stephen T. Limberg, John R. Roblson and Michael S. Schadewald

RAE - Revista de Administração de Empresas, 1997, vol. 37, issue 1

Abstract: In 1996, Brazil adopted a worldwide income tax system for corporations. This system represents a fundamental change in how the Brazílian government treats multinational transactions and the tax minimizing strategies relevant to businesses. In this enicte, we describe the conceptual basis for worldwide tax systems and the problem of double taxation that they create. Responses to double taxation by both the governments and the priva te sector are considered. Namely, the imperfect mechanisms developed by Brazil and other countries for mitigating double taxation are analyzed. We ultimately focus on the strategies that companies utilize in order not only to avoid double texetion, but also to take advantage of tax havens.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:fgv:eaerae:v:37:y:1997:i:1:a:38083

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