Brazil’s Plan for Deadbeat Taxpayers: Pawn Them Off to Investors

  • Government considers securitizing $18 billion of old tax debts
  • Move would be a boon to distressed market and ease budget gap

The Brasilia skyline.

Source: Getty Images

Brazil is taking a cue from its biggest banks and seeking to sell nonperforming receivables. Only it’s not bad loans the government wants to unload -- it’s deadbeat taxpayers.

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