Minister of Finance stated that he will submit the points discussed with leaders of the House as soon as the President returns to Brazil
Finance Minister Fernando Haddad (PT) will take the President (10.JUN) to the President (PT) the alternatives to the increase in IOF (Tax on Financial Operations) presented to Congress on Sunday night (8.Jun).
“I will wait for President Lula to return. On the 3rd in the morning he must be in Brasilia, and then I submit to him what was agreed here”, He told reporters after meeting at the House’s official residence. The chief executive is in Paris, France, and returns to Brasilia on Monday night (9.Jun).
After nearly 6 hours of meeting, Haddad had a political victory over the presidents of the House (Republicans-PB), and Senate, (Brazil-AP Union), and managed to keep part of the decree that stipulates a discharge of the IOF collection.
Motta and Alcolumbre had given the Minister of Finance to revoke the IOF decree, which entered into force on June 2. The deadline would win on Tuesday (10.Jun), but the petista advanced and managed to maintain parts of the text.
Over the weekend, Motta even put it to vote for a legislative decree project that would overthrow President Lula’s government economic team, saying that Congress is against tax increases.
Understand the 4 alternative points to increasing the rate on financial operations:
- government will present an MP (Provisional Measure) to “disciplinary”Matters on financial system collection, such as credit systems and securities income. Here are some of the measures that should enter the MP:
- 18% online bets tax;
- 5% of LCA (Agribusiness Credit Letter) and LCI (Industry Credit Letter) and other securities will no longer exempt;
- equation of CSLL (social contribution on net income) of fintechs banks, which may be 15% or 20%;
- The farm will download a new decree for “recalibrar” All measures that are still standing in the decree on the IOF. THE scratchIt is among the measures that will be reviewed, with the fixed rate revoked;
- They will be reviewed tax spending of an infraconstitutional nature in at least 10%, according to Haddad.
- Finally, leaders should consult their benches to evaluate measures to improve primary spending. There should be a new meeting on the subject. Haddad did not rule out reviewing topics that were previously voted by Congress.
