How should the State Participation Fund be shared? published by IBRE/FGV. “Congress has until the end the year to set new criteria for how the states will share in the Participation Fund. Because the options suggested so far antagonize interests, Congress is far from concensus… FPE reform offers a good opportunity for discussion of other federation issues, in particular the tax exemption war between states, the sharing of oil royalties, and the restructuring of state debts.” See PDF Attached
