Brazil to tax closed-end, offshore funds

(Reuters) - Brazilian President Luiz Inacio Lula da Silva on Monday will sign an executive measure to tax closed-end funds and a bill to tax offshore ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Brazilian President Luiz Inacio Lula da Silva on Monday will sign an executive measure to tax closed-end funds and a bill to tax offshore funds, according to a statement from the Planalto presidential palace.

Under an executive order, the government will tax income from closed-end funds from 15% to 20%, levied twice a year.

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