Brazil launches capital markets push

Brazil launches capital markets push

Bonds Economy & Policy Corporate & Sovereign Strategy Project & Infrastructure Finance

The Brazilian finance ministry unveiled a package of measures this week to stimulate the country’s capital markets. These include stripping capital gains tax from investments in small and mid-caps and widening the tax benefits on infrastructure debentures. Under the plans, investors will not pay the 15% capital gains tax on earnings from companies with a market cap of less than $700m, a rule that will hold until 2023. The government is extending the tax benefits on infrastructure debentures to 2

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