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Bovespa CEO Sees IOF Tax Cut

Nov 17, 2011

BM&F Bovespa’s CEO Edemir Pinto is expressing optimism over the possibility that the Brazilian government could soon adjust, or eliminate altogether, the 2% IOF tax on stock investments. “We believe in the short-term that...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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