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How Brazil is using transfer pricing to control the value of its currency

January 17, 2012

Sophie Ashley - TPW

As the dollar and the euro increase the value of the real, the Brazilian government has introduced measures to stem any further appreciation.

Guido Mantega, the Brazilian Finance Minister published Ordinance 563, on December 30 2011, stating Brazilian companies can increase their export revenue for 2011 for transfer pricing purposes only.

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