Bovespa CEO Sees IOF Tax Cut

Bovespa CEO Sees IOF Tax Cut

Brazil Economy & Policy Corporate & Sovereign Strategy

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 we can have an agreement to revise the IOF over shares,” said Pinto talking at a Bradesco investment forum in New York Wednesday. This comes as Brazilian stock exchange officials carry out discussions with the government about the logic of maintaining such a tax. Pinto acknowle

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial