(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 went back on a plan to tax transfers to offshore funds after the announcement sparked a currency selloff, with Finance Minister Fernando Haddad saying Friday morning that there was an ...

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 ...

Brazils Chamber of Deputies and Senate delivered President Luiz Inácio Lula da Silva a stinging defeat on Wednesday, ...

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 ...

Brazil scraps crypto tax exemption for small traders, enforces flat 17.5% rate across all gains, including self-custody and offshore holdings. Listen 0:00 14157 ...

Tax Efficiency: Many offshore funds benefit from favorable tax laws, allowing for tax-free income and distributions, which can lead to reduced operating costs and management fees. Risks: 1.

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 ...