Big boost for foreigners who invest in Brazilian real estate

Friday, February 1st 2013 - 07:09 UTC

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Brazil on Thursday exempted foreign investors from paying a financial transaction tax on purchases of real estate investment trusts traded on the country's stock exchange. Since early last year the government of President Dilma Rousseff has aimed to develop funding alternatives for local builders, many of which are overly dependent on loans from state development bank BNDES, the main source of long-term corporate financing in Brazil. Read full article

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ChrisR
Brilliant move and almost guaranteed to work.

Now all they have to do is fix the rest of it with a similar show of understanding investors.

Hey Brassiere! What about NOT NEEDING any international investors now?

Good job Dilma doesn't talk to you about the economy, all you know is how to fuck the country up but in fairness you are so bigoted against foreigners you don’t even know you are doing it.
Feb 04th, 2013 - 10:30 pm - Link - Report abuse 0
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