News
Finland | 07/02/2009
- New Requirements for the Product Specifications of Products with Protected Product Names
- Finland | 07/02/2009
- Tips on Re-Entering the Legal Profession After a Hiatus
- United States | 07/02/2009
- Layoffs a ‘Blessing’ for Now-Liberated Former BigLaw Attorneys, Writer Says
- United States | 07/02/2009
- ICE Launches National I-9 Audit Initiative
- United States | 07/01/2009
- U.S. Supreme Court Upholds States’ Right To Impose Laws on National Banks
- United States | 07/01/2009
- Competition (Sweden): Swedish Competition Authority receives permission to further investigate suspected abuse of dominant position by Arla Foods AB
- Finland | 07/01/2009
- New rules on Compensation of Severe Environmental Damages
- Sweden | 07/01/2009
- Even If Billable Hour is Banned, Some Lawyers Still Want to Account for Time
- United States | 07/01/2009
- Delays in LCA Approvals and H-1B Filings
- United States | 07/01/2009
- Estonia - Gambling Tax Act
- Estonia | 06/30/2009
Legal Articles
- Brazil's Proposed Green Tax Reform
- Since late April, Brazil's Chamber of Deputies has been reviewing a tax reform plan that would introduce environmental components into Brazilian tax policy and the guidelines established by the Brazilian Constitution. Constitutional Amendment Project (Projeto de Emenda Constitucional, or PEC) 353 was presented to Brazil's Chamber of Deputies on April 24 by Deputy Roberto Rocha. It adds provisions to the Brazilian Constitution that allow tax reductions for environmentally friendly actions by taxpayers. PEC 353 adds paragraph 4-A to article 149 of the Constitution, which deals with social contributions such as royalty (CIDE) and fuel taxes (CIDE-fuel). The new paragraph provides that the rates for the contribution will be established based on the taxpayer's acts of social responsibility. Although the provision would require further regulation from Congress and the executive branch, it would enable taxpayers that take measures to protect the environment to reduce some of their social contributions. PEC 353 also adds three activities to the tax immunity clause of article 150, Item VI of the Constitution. A tax immunity is a tax exemption granted by the Constitution that cannot be revoked by legislation other than a constitutional amendment.
Brazil | 06/12/2009
