Brazil ratified the OECD Multilateral Convention for Mutual Administrative Assistance in Tax matters. The Convention was ratified by the Senate through the Legislative Decree 105/16 and the agreement will take effect in October 1st, 2016.
By now every Country who ratified the Convention can have a fast track to get information from Brazil as well as enforce and constrict any assets in Brazil. At the same time Brazilian Federal Revenue Services will get the same information from Brazilians assets in every country who ratified the Convention.
The important news from last days is that Commerzbank from Germany open a branch in Brazil, even in the worse crisis in decades.
What are they are seeing? Opportunities!