Interesting taxes!

Today was a productive day. We had some long meetings but the result was we came out with some good pieces of work with high level estimates to start taking forward. We also did an update on a new client requirement involving what they call Brazilian Tax. This is tax that is levied on financial institutions by the Brazilian government giving them a nice little kick back. Our update involved the introduction of a brand mew tax that might be getting implemented towards the end of the year.

I really can't think why I kept laughing every time we mention PIS & COFINS!!!!!!!