(Bloomberg) -- Brazil’s Finance Ministry scrapped plans to tax transfers to offshore funds only hours after the announcement of the levy led to a selloff in the currency. In a post on X just ...

Brazil's lower house approved on Wednesday a government bill that seeks to increase public revenue by eliminating tax advantages currently benefiting wealthier Brazilians who invest in offshore ...

Under an executive order, the government will tax income from closed-end funds from 15% to 20%, levied twice a year. This is expected to generate 24 billion reais in revenue between 2023 and 2026 ...

SAO PAULO (Reuters) -Brazil's Finance Ministry on Friday said it had scrapped a higher transaction tax on funds invested abroad after critics inside and outside the government blasted the move as ...

Brazil's government seeks to tax closed-end and offshore funds as part of much-needed tax recovery, and has already opened dialogue with the lower house and the Senate in this regard, a senior ...

Brazil's Finance Minister Fernando Haddad said the federal government was ... the government wants to tax the 'super rich' who have offshore funds or hold their investments in exclusive ...

Brazil’s currency sold off Thursday as the government ... in 2025 and 41 billion reais in 2026 by increasing the tax locally known as ... remittances and transfers made by offshore funds.

BRASILIA - The Brazilian government wants Congress to pass a bill this week that would tax offshore and closed-end funds, and change an instrument companies use for shareholder payments, a ...

SAO PAULO (Reuters) -Brazil's Finance Ministry on Friday said it had scrapped a higher transaction tax on funds invested abroad after critics inside and outside the government blasted the move as ...