Posted April 08, 2011
lalowei: It´s a tax that is used on credit operations, insurance acquisitions, currency exchanges, fixed or variable rate financial investments.
Some examples:
Buying stocks or bonds.
A bank gives you a loan.
You make purchases with your credit card.
You buy an insurance policy.
You make a currency exchange at a nearby exchange office.
iuliand: Thanks for the info. Some examples:
Buying stocks or bonds.
A bank gives you a loan.
You make purchases with your credit card.
You buy an insurance policy.
You make a currency exchange at a nearby exchange office.
It seems to me it is a tax meant to slow economic progress. This kind of taxation encourage black economy.
On the bright side, this will decrease immigration because for sure I'll never move in Brasil with this kind of taxes... :P :))
Post edited April 08, 2011 by Foxhack