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Brazilian Stocks Slide as Tax Reforms and Global Fears Unsettle Investors

Summary by The Rio Times
On February 21, 2025, Brazil’s stock market struggled, according to B3 exchange data. The Ibovespa closed at 127,128.06 points, down 0.37% daily and 0.89% weekly. Finance Minister Fernando Haddad’s tax reform comments fueled unease, proposing income tax exemptions for earners under R$5,000 monthly, offset by taxing the rich. Investors worried about fiscal strain, driving the […]

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The Rio Times broke the news in Brazil on Friday, February 21, 2025.
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