This market pertains to a significant legal decision in Brazil, where Minister Regina Helena Costa of the Superior Court of Justice (STJ) fined the National Union of Tax Auditors of the Federal Revenue (Sindifisco) R$ 1.3 million. The fine was issued for Sindifisco's failure to maintain the minimum quorum for judgments of Brazil's Administrative Council of Tax Appeals (Carf) during a strike. Sindifisco has contended that the decision is flawed and could trigger a wave of nullity requests and expensive settlements from major taxpayers.

This market aims to predict the outcome of Sindifisco's appeal against this fine. A successful appeal would mean the fine is reduced, annulled, or not enforced as initially ordered. Considerations for this market include the legal arguments, the fine's impact on Sindifisco, and broader implications for Brazil's fiscal governance.

Sources:

1. Conjur - Ministra do STJ multa auditores em R$ 1,3 milhão por sessões suspensas do Carf