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Brazil - The Impact of Tax on Financial Transactions for Foreigners Investing in Brazilian Financial and Capital Markets

Country:
Brazil
Author:
B. Macorin Carramaschi
Issue:
Derivatives & Financial Instruments, 2010 (Volume 12), No 2
Published:
11 March 2010
In late 2009, the Brazilian government raised the rate of the tax on financial transactions to 2%. This article considers the repercussions of that change, as well as subsequent actions by the government that again changed the tax landscape for foreign investors in Brazil.
 
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