Brazil - The Impact of Tax on Financial Transactions for Foreigners Investing in Brazilian Financial and Capital Markets
- B. Macorin Carramaschi
- Derivatives & Financial Instruments, 2010 (Volume 12), No 2
- 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.