Brazil starts taxing the super-rich. Brazilian President Luiz Inácio Lula da Silva approved a provisional decree to tax exclusive funds, termed “super-rich funds”. This includes a 15-20% tax on income of exclusive funds, those with one shareholder. It’s estimated that 2,500 Brazilians have investments in these funds, totaling 756.8 billion reals (US$151.36 billion), or 12.3% […]
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