Brazilian President Dilma Rousseff on Thursday signed a bill that gives amnesty to holders of undeclared offshore assets in exchange for a fine, part of efforts to cut a swelling budget gap and revive investment in the recession-hit economy.
The law offers amnesty from prosecution to Brazilians if they bring unreported foreign funds home and pay a 30 percent fine in the form of tax. When the bill was approved in the Senate late last year, government officials said it could help raise about 11 billion reais ($2.74 billion) in revenues.
Brazil Energy Insight 
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