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The recently signed Tax Information Exchange Agreement (“TIEA”) between Bermuda and Brazil establishes a modern and proven regime for tax dialogue between the two jurisdictions while confirming Bermuda’s commitment to a strong TIEA network. Bermuda companies have long been active in significant international transactions involving Brazilian businesses and financial institutions, and Bermuda is now increasingly attractive as a friendly domicile for Brazilian multinational business activity. The emergence of a strong Brazilian economy has focused the attention of many Brazilian businesses on the opportunities for overseas investment and finance.
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Bermuda Strengthens Ties with Brazil – Tax Information Exchange Agreement Signed