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Brazilian FATCA Offshore Disclosures Net $4 Billion US

The deadline for Brazil's offshore account, income and asset reporting passed last week.  The Brazilian Federal Revenue Secretariat (SRF) - Brazil's equivalent of the IRS - claims more than $4 Billion (US) in revenues from voluntary disclosures much like the US Offshore Voluntary Disclosure Program or OVDP.  The Brazilian FATCA offshore...