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

Aug 28 (Reuters) - Brazilian President Luiz Inacio Lula da Silva on Monday will sign an executive measure to tax closed-end funds and a bill to tax offshore funds, according to a statement from ...

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

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 ...

Brazil’s currency sold off Thursday as the ... remittances and transfers made by offshore funds.

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).