Government advocates an increase in IOF despite resistance in Congress

by Andrea
0 comments

It is expected that, within ten days, Fernando Haddad present proposals aimed at increasing revenue in a sustainable way in the medium and long term

Mateus Bonomi/Agif – Photography Agency/Agif – Photography Agency/Estadão Content
Motta expressed the dissatisfaction of deputies regarding the increase in the tax and requested a solution that avoids improvised tax measures

Government members show confidence in the continuity of the decree that increases the (IOF), even in the face of the resistance of the mayor ,. After a meeting with congressional leaders, the farm team believes the tax increase will not be reversed. The minister and the minister are looking for alternatives to increase revenue without the need for new taxes, but consider the IOF elevation an inevitable short -term measure.

Haddad and Gleisi plan to address the crisis generated in Congress due to the increase in IOF in a meeting with President Luiz Inacio Lula da Silva on Thursday (29). It is expected that within ten days Haddad present proposals aimed at increasing revenue in a sustainable way in the medium and long term. Motta, in turn, expressed the dissatisfaction of deputies regarding the increase in tax and requested a solution that avoids makeshift tax measurements.

Last week, the government announced the IOF rise for operations carried out with credit cards from 3.38% to 3.50%. Already imposed for the purchase of currency in kind went from 1.10% to 3.50%. Initially, the project included the collection of remittances for international investments, but the farm decided to retreat, maintaining these operations exempt.

*Report produced with the aid of AI
Posted by Luisa Dos Santos

source

You may also like

Our Company

News USA and Northern BC: current events, analysis, and key topics of the day. Stay informed about the most important news and events in the region

Latest News

@2024 – All Right Reserved LNG in Northern BC