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Brazilian Oil-Export Tax Concerning, says Shell Chief

May 01, 2023

The head of oil major Shell Plc's Brazilian operations on Monday said a temporary oil-export tax established in March was a concerning development that could hurt the country's investment attractiveness.Brazil's government in March said the temporary, four-month tax would compensate for its decision to partially maintain a tax exemption on fuels for consumers, and help meet the country’s fiscal targets…

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