Attorney Marco Antonio Behrndt, tax partner at law firm Machado Meyer Advogados in Sao Paulo, told Bloomberg BNA April 12 via e-mail that the decision constitutes a major victory for companies. “This victory represents an important precedent for taxpayers awaiting for some time the release of credits by the government which, according to this decision of the Supreme Court, should be done via inflation correction without the loss of value through time,” he said.

(Bloomberg BNA - 13.04.2016)