Expect more cuts in Brazil following IOF reduction

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Expect more cuts in Brazil following IOF reduction

Matthew Gilleard
December 20 2011
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This month’s decision by the Brazilian government to reduce the financial transactions (IOF) tax rates on the exchange of currency into Brazilian reals for investments in the Brazilian financial and capital markets heralds the beginning of further tax cuts to boost growth.

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Matthew Gilleard worked at ITR between 2010 and 2016
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