The▁governments of Brazil and▁Spain▁signed a▁Memorandum of▁Understanding on▁Tuesday (10/11), with the▁aim of▁expanding▁international▁cooperation in the▁taxation of▁people with▁large▁assets. The▁document▁was▁signed by▁Brazilian▁Minister of▁Finance, Dario Durigan, and▁Spanish▁Secretary of State,▁Arcadi España. ▁Among the▁measures▁envisaged▁are the▁exchange of▁information,▁research and▁technical▁knowledge▁between the▁two▁countries.
The▁initiative also▁provides for▁joint▁studies and the▁strengthening of▁joint▁action in▁international▁bodies,▁such as the United▁Nations▁Organization and the▁OECD. The▁agreement▁seeks to▁stimulate more▁progressive▁tax▁systems to▁combat the▁concentration of▁wealth,▁without▁determining the▁immediate▁creation of new▁taxes▁or▁forcing▁countries to▁change▁their▁internal▁laws. ▁Each▁government▁will▁remain▁responsible for▁defining▁its▁own▁tax▁policies.