• Brazil Introduces New Amendments to Financial Transaction Tax (IOF)
  The Brazilian Government has introduced new amendments to the regulations on financial transactions tax (IOF) imposed on foreign exchange transaction with effect from March 1, 2012.
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• Meal Expense Tax Deductibility – 50% vs 100%
  Any food and beverage expenses that are directly related or associated with the active conduct of a trade or business are allowed to be deducted as business meal expenses to the extent that they are not lavish and extravagant. - See more at: http://www.mytaxfiler.com/blog/meal-expense-tax-deductibility-50-vs-100/#sthash.pCbCbFUj.dpuf
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• What If A Taxpayer Doesn’t Have Receipts?
  If you understand anything about our tax system, it’s probably that you must have receipts. As a tax lawyer for the last 30 years, it seems like heresy to suggest that clients might not have to save all those pesky receipts to prove their deductions.
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