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Re: Transaction tax     20-Oct-09 11:20 am    
http://www.reuters.com/article/marketsNe...

No, the tax does NOT apply to ADRs. The quote below is from this reuters news release.

"'This measure has more of a potential of making overseas investors migrate to the ADRs in New York because they won't have to pay taxes there," said Luiz Roberto Monteiro, an investment analyst at the Souza Barros brokerage in Sao Paulo."
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autig08

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Transaction tax
Does anybody know if Brazil's reinstatement of a transa...
takes2serio... Rate it 20-Oct-09 07:19 am  
 
Re: Transaction tax
I assume not too. But don't forget: 1. Transact...
burnintoo Rate it 20-Oct-09 10:12 am  
 
Re: Transaction tax
Your 2% negative return for SBS does not expl...
the_greates... Rate it 20-Oct-09 10:16 am  
 
Re: Transaction tax
Why down over 2%? Market overreaction, a...
burnintoo Rate it 20-Oct-09 10:37 am  
 
Re: Transaction tax
autig08 Not rated 20-Oct-09 11:20 am  
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Companhia de Saneamento Basico do Estado de Sao Paulo (SBS)

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