It is true that whatever taxation system you are under, ultimately what matters is how much you take home after paying taxes. You do want to pull the right levers in your system to make that net income as high as possible. This also makes me think, though, that things like preferred shares, if there was a preferred shares fund in Brazil, would be highly valuable since they pay almost all of their returns in the form of dividends. So I would definitely be looking at something like that. If I were there, and it were available. Anyway, I'm always pleased to get questions from international listeners who often have different perspectives and different experiences to offer.

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