Brazil Adjusts IOF Tax Threshold

Jun 15, 2012

Brazil has changed its 6% IOF tax to apply to corporate loans with average maturity of up to 2 years, as opposed to loans of up to 5 years. While the move may signal a shift in government attitudes towards currency appreciation, there is...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management