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WorldPosted at: Oct 20 2017 5:39PM


Blacklisted by Brazil, Dublin funds find new ways to invest

LONDON, Oct 20 (Reuters) Brazil has provided investors with some of the best returns in the world this year but investment funds based in Ireland have been forced to adopt new strategies to get their money's worth.
Brazil blacklisted Ireland as a tax haven in September 2016 because of its low corporate tax rates, so investment funds in Dublin now pay higher tax on returns from Brazilian bonds and shares than funds in some rival centres such as Luxembourg.
In a fiercely competitive industry, Dublin-based investment funds have been faced with having to accept lower returns from Brazil, reducing their exposure to the country, or finding ways to keep pace with rival funds elsewhere subject to lower taxes.
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Tags: #Blacklisted by Brazil# Dublin funds find new ways to invest
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