Tag: Luiz Inacio Lula da Silva
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Brazil’s Worse-Than-Lehman Market Shock: Why Every Offshore Investor Should Read ZeroHedge’s Warning
Brazil’s post-election financial carnage is exposing the dangers of crowded political trades, leveraged hedge funds, and misplaced confidence in emerging markets. The financial earthquake shaking Brazil is more than another emerging-market correction. It is a dramatic demonstration of what happens when political expectations, institutional positioning, and trillions of dollars in investment assumptions collide with an…
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Brazilian Lawmakers Give Nod To Foreign Investor Tax Cut
The Brazilian Lawmakers in the Senate have rubber stamped an executive decree which will remove capital gains tax for foreign investors in domestic government bonds. The law, due to be signed by next week by President Luiz Inacio Lula da Silva, will mean that foreign investors are exempt from the 15% tax. The law will…