There is nothing impractical for tax purposes

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“It is argued that, in order to avoid taxation, the number of commercial corporations that have recently been transformed into companies, many of which are composed exclusively of individuals from a single family, is astonishing. In another country that had already reached financial maturity – which is clearly not the case in Brazil – this argument would be flattering, never unfavorable to corporations. The highest index of financial development is obtained precisely in the fastest growing stock market movement.

There are no two divergent opinions on this point. The Mission’s report (Abbink) advised the expansion of our securities market as a stimulus to the investment of private savings. And the government finally armed the sms gateway brunei various institutes of the Stock Exchange with measures to expand that securities market. Its orientation could not have been any other, when seeking to increase the financial policy of open market operation , with which the government interferes in the money market to contract or expand circulation. From a broad spread of the stock market, which among us still remains in its embryonic stage, there will logically arise a greater public interest in the investment of capital in public limited companies, a practice that benefits government initiatives themselves.” 21

Transfer tax on transfers of shares in real estate companies
10. Article 177 of the current Corporation Law, Decree-Law No. 2,627 of September 26, 1940, incorporated into the draft bill authored by MIRANDA VALVERDE, aimed exclusively at ensuring the payment of the transfer tax, or transfer tax, on the transfer of shares of those companies through the mandatory nominative nature of the shares of companies engaged in the real estate trade.