The snag is that acting for a foreignfirmleaves agentsvulnerable toBrazil'scapricioustaxauthoritiesandlabourcourts, whichtend to ignore limitedliability and pursue individualowners.
The owners of these firms (pass-through entities such as partnerships, S corporations, and limitedliability companies) pay tax at the individual rate, not the corporate rate.
Presented by Senators Joseph Lieberman and Orrin Hatch, it will offer tax incentives, protection of patents and limitedliability for any firm working on bio, chemical or radiological counter-measures.