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The 2027 Inflationary Bomb: the New Oil Tax
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Created by the tax reform to influence goods considered harmful to health or the environment, the Selective Tax (IS) places under the same classification products such as cigarettes and alcoholic beverages and the extraction of oil, natural gas and iron ore. The tax begins to be charged on January 1, 2027, but there is not even a defined aliquot. For the tax collector Luís Garcia, lawyer at the University of São Paulo (USP) and partner of the Ta…
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