Brazil’s Finance Ministry scrapped plans to tax transfers to offshore funds only hours after the announcement of the levy led ...

Brazil's Finance Minister Fernando Haddad speaks during a meeting to announce the submission of a bill to expand income tax ...

Brazil’s economic team is awaiting authorization from the presidential palace to increase its budget freeze by 2 billion reais ($354 million) to offset the loss of revenue from changes to a plan to ...

Brazil’s currency sold off Thursday as the ... 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 ...

They can be structured as open-end investment funds, offshore companies, partnerships, or unit trusts. Commonly based in tax-efficient locations ... (e.g., the US or Brazil).

Investors are also expected to pay money into a fund that supports Brazil's AI ecosystem. According to Reuters, the Brazilian Ministry of Finance estimates that the new tax incentives could free ...