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UPDATE 1-Brazil may exempt IPOs from inflows tax-exchange
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Reuters UK
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November 06, 2009
LONDON, Nov 6 (Reuters) - Brazil is discussing exempting initial public offerings (IPOs) from its 2 percent tax on foreign investments in local stocks and bonds, an official at the country's securities exchange said on Friday. Brazil imposed the tax last month to fight a surge in the real currency B...
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