Archive for November 7th, 2009
How will Foreign Investment Tax Affect the Real? – 980th Edition
On October 20, the executive office of the government of Brazil enacted an emergency measure, calling for a 2% tax 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 Brazilian stock market [...]
