Brazil has recently published Ordinance 488/2014 in the Official Gazette. The ordinance lowers the tax rate threshold for a jurisdiction's designation as a low tax jurisdiction (LTJ) or privileged tax regime (PTR) from 20% or lower to 17% or lower. Although the change will exclude certain jurisdictions from Brazil's LTJ black list and PTR grey list, other conditions remain for inclusion in the lists, including: When a Jurisdiction's laws provide for corporate confidentially, or does not release information on the ownership of shares or stock or the beneficial owner of income When a Jurisdiction grants tax incentives to non-residents that...