‘Tax havens’ focus Brazilian investments abroad

‘Tax havens’ focus Brazilian investments abroad

Brasilia – Looking at the 10 main destinations of Brazilian resources, 66% of the funds were invested in the places considered tax skies Or have distinct systems, as rated tax authority. to me central bankThe balance of resources invested abroad increased from $385 billion in 2019 to $411.5 billion in 2020.

Become the main destination for these resources Holland, which are currently classified by the Brazilian tax authorities as a distinct financial system in the case of “holding companies” that do not carry out a substantial economic activity. The share of the European country in the balance of Brazilian direct investments abroad increased from 20.7% to 21.2%, with a total of 87.4 billion US dollars.

With this, the Netherlands bypassed the tax haven of Cayman Islandswhose share fell from 22.3% to 16.9% last year to $69.7 billion. British Virgin Islands and Bahamas They appear in sequence, at 14.7% (US$60.5 billion) and 13% (US$53.5 billion), respectively.

You are United State They have increased their participation as a destination for these resources from 5.7% to 9.5% and now record the fifth largest stock of Brazilian investments, at $39.204 billion. In the case of the United States of America, Brazilian revenue is state corporations with limited liability (LLC) distinct regimes.

In sixth place, the first destination not included in revenue appears: Luxembourg Receiving US$39.2 billion in Brazilian direct investment, 5.7% of the total. Since 2011, the small European country has been removed from the list of tax authorities for privileged regimes.

Complete the top 10 in this ranking to Austria (premium system), Panama (financial paradise), Spain (Premium System) and United kingdom – There are no job changes compared to 2019.

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To compose the list of tax havens, the Internal Revenue Service takes into account countries or dependencies that do not levy income taxes or that apply a rate of less than 20%. The tax authorities also consider internal legislation that does not allow access to data on corporate formation of legal entities or their ownership. The list currently includes 61 tax havens and 12 countries with distinct systems.

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