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Watch a video featuring our Tax & Accounting business president Brian Peccarelli
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Our tools help researchers at The Michael J. Fox Foundation work towards a cure for Parkinson’s disease.
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We reinforce the strong global legal foundation that is facilitating continuing growth for Nike, Inc.
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At Lloyds Banking Group, our regulatory intelligence provides essential guidance to the bank’s compliance and risk group.
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We make it easier for AGCO South America to navigate one of the world’s most complex tax environments.
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In an industry where trust is everything, we’re part of investment firm Maxim Group’s toolkit for building informed advice.
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AGCO is guided by its vision to develop high-tech solutions for professional farmers feeding the world. The company offers a full line of tractors, combines and other agricultural equipment through 2,600 independent dealers and distributors in more than 140 countries.
AGCOAGCO is a global agricultural equipment manufacturer with a strong presence in Brazil, one of the world’s largest economies. Marco Brito leads AGCO South America’s tax planning and accounting departments. In his role, Brito helps AGCO navigate the complex tax landscape of Brazil—where tax law varies from region to region. Mastersaf tax and accounting intelligence and tools from Thomson Reuters help Brito analyze the operations of the business and optimize its structure to position it for the greatest tax advantage. Within the rapidly developing and professionalizing economy of Brazil, this knowledge is helping AGCO create paths to opportunity.
$1.9
TrillionBrazilʼs $1.9 trillion USD economy accounts for 41 percent of Latin Americaʼs total gross domestic product (GDP). In 2010, Brazil surpassed France as the worldʼs fifth-largest economy as measured by GDP.
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MinutesOne of the most complex tax jurisdictions in the world, Brazil is also one of the most rapidly changing. The country’s tax laws undergo a revision approximately every 26 minutes—over 20,000 changes in 2011.
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Our Tax & Accounting business, which serves customers in more than 20 countries, acquired and integrated three companies in Brazil last year, including Mastersaf. The company as a whole acquired six companies in Latin America in 2011 as part of our global growth strategy.
100%
100 percent of Accounting Today’s Top 100 list of accounting firms by revenue use our flagship tax solution, Thomson Reuters Checkpoint. Both Thomson Reuters Checkpoint and ONESOURCE are used by 95 of the Fortune 100.
A dramatic rise in farm production has helped Brazil transform itself from a food importer to one of the world’s largest food producers over the past 30 years. Brazil’s soybean exports account for approximately one-third of soybean exports worldwide.
A burgeoning middle class in Brazil has created high demand for consumer goods and services. Thirty percent of the Brazilian population has come out of poverty and into the middle class in the last 10 years, creating enormous opportunities for companies.
Brazil’s population currently stands at 190 million. International Monetary Fund estimates place the country’s economic growth at an average 4.2 percent per year over the next three years.
