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14-01-2014, 08:45 AM
orangetea
1. I don't think there is any dividend withholding tax for Brazilian companies. For foreign companies listed on the American exchanges, the relevant tax laws to consider is that of the home country. E.g. Canadian dividend withholding tax is "just" 15%. Only American companies withhold 30% tax on dividends...
2. You may wish to consider other Brazilian utilities listed on the American exchanges such as CPL or ELP, etc.
3. The main challenge is the weakness of the Brazilian REAL. I believe it largely tracks commodities' prices.
1. I don't think there is any dividend withholding tax for Brazilian companies. For foreign companies listed on the American exchanges, the relevant tax laws to consider is that of the home country. E.g. Canadian dividend withholding tax is "just" 15%. Only American companies withhold 30% tax on dividends...
2. You may wish to consider other Brazilian utilities listed on the American exchanges such as CPL or ELP, etc.
3. The main challenge is the weakness of the Brazilian REAL. I believe it largely tracks commodities' prices.