On June 10, TEI sent a letter to the Brazilian tax authorities recommending that Brazil adopt a cooperative compliance program with taxpayers.
TEI noted the advantages of such a program include providing tax authorities with transparency and taxpayers with certainty, improving the risk assessment process, and assisting the Brazilian tax authorities in implementing Brazil’s new transfer pricing legislation, among other things.
TEI’s letter was prepared under the aegis of its US International Tax Committee. Benjamin R. Shreck, TEI tax counsel, coordinated the preparation of TEI’s comments. Read the comments here.
