Brazil’s Finance Ministry scrapped plans to tax transfers to offshore funds only hours after the announcement of the levy led to a selloff in the currency.

Brazil’s economic team is awaiting authorization from the presidential palace to increase its budget freeze by 2 billion reais ($354 million) to offset the loss of revenue from changes to a plan to ...

For the second time in six months, a plan designed to assuage investor concerns about President Luiz Inacio Lula da Silva’s ...

Trade bodies representing the interest of Brazil’s regulated online gambling market have unified in calling for a revision of ...

Brazil’s currency sold off Thursday as the ... remittances and transfers made by offshore funds.

SAO PAULO (Reuters) -Brazil's Finance Ministry on Friday said it had scrapped a higher transaction tax on funds invested abroad after critics inside and outside the government blasted the move as ...

They can be structured as open-end investment funds, offshore companies, partnerships, or unit trusts. Commonly based in tax-efficient locations ... (e.g., the US or Brazil).

BRASILIA (Reuters) -Brazil's government on Tuesday unveiled a long-promised plan to exempt individuals earning up to 5,000 reais ($881.27) per month from income tax, with the revenue gap set to be ...

SAO PAULO (Reuters) -Brazil's government late on Thursday published an executive order that effectively rolls out a minimum 15% tax on profits of multinational corporations, a publication in the ...

We're friends with everyone. That means Brazil can serve the world without major hurdles," one of the sources said. A landmark tax reform approved under President Luiz Inacio Lula da Silva last ...