Tax capital income (Almeida)

How should Brazil tax capital income? by Aloísio Flávio F. de Almeida. “This paper visits the Brazilian capital income taxation to know whether and to what extent it is neutral to domestic investment decision. Simulations have shown an unbalanced tax system: debt is the best fund option, inventories the worst choice for assets and the interest on net equity has small effect on improving tax neutrality.”