Brazil’s Dollar Inflows Plunged 88% in April on Tax Increase
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Brazil’s tax increase on foreign loans and debt sales to shield itself from the global currency war helped reduce by 88 percent the number of dollars that entered the country last month.
Brazil received a net $1.54 billion in April from trade and investments, down from $12.7 billion in March and $2.25 billion in April 2010, according to data published by the central bank today.