Table: Who Uses the Paralelo?

-- Drug traffickers and other criminals, who conceal their ill-gotten gains by converting them into dollars through the paralelo and investing them overseas.

-- Small and medium-size companies that spirit a portion of their profits overseas to evade taxes.

-- Exporters who charge more for their products than they declare to tax authorities. The difference is invested outside Brazil or brought home via the paralelo.

-- Foreign executives who cash checks in U.S. dollars for Brazilian reals to conceal their earnings from the tax man.

Data: BusinessWeek

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