[ad_1]
One of the eight largest economies in the world, Brazil is, by the way, the largest GDP in Latin America. It is also the country that receives the most foreign investment in the region. In 2017, according to UNCTAD, the United Nations Conference on Trade and Development, Brazil had received $ 778.2 billion in foreign direct investment, not counting Caribbean countries and other paradise tax. But it has invested a total of 353.9 billion US dollars abroad, by Brazilian individuals and companies.
According to the survey released this week by the Central Bank, on Brazilian capitals abroad until 2017, which includes applications in tax havens, no less than 4,544 companies and 55,757 individuals have capital of $ 498.8 billion. As in the accounts of the Central Bank, the stock of foreign direct investment in the country (including Brazilians abroad) amounted to 800 billion US dollars, the index capital outflows to 62%. In other words, for every $ 100 invested in Brazil, Brazilian businesses and citizens keep $ 62 abroad. It is higher than the 53% of Argentina (which received 76.5 billion US dollars until last year and 40.9 billion US dollars invested abroad) or even more than the 36% of Mexico, which invested US dollars. 180 billion abroad, against foreign contributions of 489 billion dollars.
The stock of foreign capital recorded in Brazil, dating back to the beginning of the last century, including the values of investments in factories, mining activities, services, shopping centers and electricity, among others, is much higher. $ 3.5 trillion.
Tax haven
According to Central Bank data, given the threat of siege of the countries of the Organization for Cooperation and Development (OECD) to the capital of dubious origin and with the possibility of registration offered by the special regime of exchange and fiscal adjustment, established in 2016 and amended in March 2017, not less than US $ 54, 6 billion were reported abroad by 21,994 individuals and 42 companies. In the case of declared capital, not all were repatriated. Businesses and individuals simply had to declare the existence of foreign capital in various forms and collect taxes (17.5%) and fines (17.5%). In the first round at the end of 2016, US $ 53.6 billion was declared, of which US $ 32.5 billion (60.7%) in the form of Brazilian direct investments (60.5% of the total) in participation. in the capital of companies, although simple offshores registered in tax havens. The second largest share, US $ 14.5 billion, or 27.1%, is the Other Investments, which includes investment funds. Portfolio investments totaled US $ 6.5 billion (12.2%) and foreign currency and deposits totaled US $ 6.3 billion, or 11.8%. Other badets, at $ 6.6 billion, accounted for 12.3% of capital. The search for real estate, so popular in Brazil, was only $ 400 million, or 0.7% of the reported amount.
The predominance of tax havens (more than 50 out of 62 nations) in the origin of declared capital is impressive in the repatriation declaration. Among the countries that can not be considered as tax havens (where the tax is less than 20%), we find the United States, the 6th in terms of the origin of the share capital and 6.8% of the value. total repatriation. The other country that takes part in the list of 20 majors, in 12th place, is the United Kingdom, with 07%, behind the former New Zealand colony (0.8). Germany, the world's fourth largest economy, grew by 16% with 0.5%.
Brazilians seek paradise
When examining the destination of Brazilian capital registered abroad, with a legal origin, it is impressive preference for tax havens. According to the Central Bank, in 2017, out of US $ 498.8 billion recorded abroad, US $ 357.9 billion, or 71%, was invested by 41,106 Brazilians in equity investments (mainly outside offices or drawer companies). The country that received the most investment until 2017 is the Cayman Islands, in the Caribbean, with 75.8 billion US dollars of 12 thousand people. The Netherlands, which includes the Netherlands (where Petrobras and the larger companies have subsidiaries) and the Caribbean islands, invested US $ 48.6 billion, or 13.6%, the same percentage of the Virgin Islands British, from where the repatriation. Austria ranked fourth in 2017, with 39.6 billion dollars. Since 2014, when the Lava-jet appeared and the economy went into recession, which intensified in 2015 and 2016, the flow to Austria has dropped significantly. Eike Batista is one of the great Brazilian entrepreneurs who has opened branches in this friendly country. In 2013, before the OGX resulted in the collapse of the empire, Austria even received $ 66.6 billion. In comparison, the United States ranked seventh in capital investment in 2017, at US $ 16 billion, but had a preference of 12,051 Brazilians, or 4.5% of value, down 6.7%. allocated in the tax haven of Luxembourg by only 165 Brazilian millionaires.
[ad_2]
Source link
