Brazil's Chamber of Deputies is considering a draft bill that would establish a new "Tax on Large Fortunes" (Imposto sobre Grandes Fortunas - IGF). As noted in the justification for the bill, such a tax is already provided for in the Federal Constitution, but not yet implemented. The tax would apply to individuals with total net assets exceeding BRL 10 million, assessed on 1 January of each year, subject to certain valuation rules and adjustments. It would be payable by individuals domiciled…