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Brazil Threatens Foreign Capital Tax: Daily

By Ben Tavener, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Finance Minister Guido Mantega has chided Western central banks over money-printing and other stimulus measures, and warned that Brazil could impose taxes on speculative foreign capital to avoid its currency strengthening. Mantega reiterated his stance that Brazil would take “all necessary steps,” including “those adopted in the past” to prevent Brazil’s real from appreciating unduly.

One of the options was to introduce short-term capital taxes, Mantega said in London where he was attending an economic conference.

He also said there was further room to Subscribe to our Premium Membership Plan. Already Subscribed?

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