By Tricia L Chaves, Contributing Reporter
RIO DE JANEIRO -- Just on the heels of the news that Rio would host the 2016 Olympic games came an announcement that incoming foreign investments were to be assessed an Imposto Sobre Operações Financeiras (Financial Operations Tax).
A fee of two percent per transaction will be charged when the money enters Brazil, in an effort to maintain stability in the short-term investment market, and perhaps capitalize on what is certain to be an increase in interest in Rio de Janeiro, and the rest of the country.
Real estate transactions are exempt from . . .
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