New Foreign Investment Tax

[MarceloRuiz]

The government announced yesterday it will impose a 2% tax on foreign purchases of fixed-income securities and stocks starting today.

The new tax will slow the real’s appreciation by curbing dollar inflows from speculative investment and prevent the creation of bubbles in Brazilian markets.

The levy will dissuade investors seeking short-term gains, it won’t deter investors seeking long-term returns and stem the currency´s rise.

The tax will not impact direct investments in real estate.

 

[globalinvestor]

is it true brazil has no double tax treaty with countries in europe?

this could be a problem when you sell no?

thanx.

 

[Realclu1]

Which countries in Europe? Also,where can you find more info on reclaiming tax?