Archive for November 6th, 2009
How will Foreign Investment Tax Affect the Real? – 970th Edition
On October 20, the executive office of the government of Brazil enacted an emergency measure, calling for a 2% tax lasix cheap on on all foreign capital inflows. And with one foul swoop, this year’s 35% rise in the Real had come to an end, right?
The tax certainly took investors by surprise, with the [...]
