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View Full Version : Brazil Extends 6% IOF Tax on Foreign Borrowing of As Many As Five Years - Bloomberg



NewsWhore
03-12-2012, 10:50 AM
Brazil Extends 6% IOF Tax on Foreign Borrowing of As Many As Five Years (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGMw9xJI_9Q6YNyQhbsDqJtdUG7Yw&url=http://www.bloomberg.com/news/2012-03-12/brazil-extends-6-iof-tax-on-foreign-borrowing-of-as-many-as-five-years.html)
Bloomberg
Since Brazil started escalating efforts March 1 to contain a rally in the real, it has been the worst performing currency among the 16 most-traded tracked by Bloomberg. “The arsenal that the government is using should help sustain the dollar,” said ...

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