Corporate Income Tax (Afonso & Lukic)

Interest on equity and corporate income tax – Brazilian differentials by José R. Afono and Melina Rocha Lukic published by BM&FBOVESPA (2/2016). “In sum, the attempt to alter the JCP regime can only be explained as resulting from short-termism in the shape of an attempt to generate more tax revenue at any cost and by whatever means in order to improve the fiscal result.”