Brazil Said to Mull Tax Increase on Some Local Bonds By Year-EndCarla Simoes and Filipe Pacheco
Notes are backed by real-estate and agriculture portfolios
Investors are exempt from 15 percent income tax on the notes
Brazil’s Finance Ministry may announce by year-end a tax increase on local notes issued by financial institutions that are backed by real-estate and agriculture loan portfolios, according to two members of the nation’s economic team.
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