Brazil cuts forecast for newly introduced dividend tax revenue
Brazil’s federal tax authority reduced its revenue forecast for the newly introduced dividend tax by nearly two-thirds, citing weaker-than-expected collections.
Brazil's federal tax authority has lowered its forecast for revenue from the dividend tax introduced this year by almost two-thirds, highlighting weaker-than-expected collections from a measure that had been expected to deliver a significant boost to government coffers. The new estimate is around 10 billi…