Tag: CPMF

By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – With Carnival festivities over, this week the Brazilian government is expected to restart its push to obtain Congressional approval for projects it deems necessary to jumpstart the country’s ailing economy....
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – With only days to go before the start of a new year, Brazil’s Congress approved on Thursday the 2016 Budget which calls for the creation of a tax over financial...
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – With time running out, government officials in Brazil scramble to get the tough fiscal measures approved by Congress. Finance Minister, Joaquim Levy, is one of the most active members of...
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – Finance minister in Brazil, Joaquim Levy, told congressional representatives on Wednesday that if congress does not approve an executive order creating the CPMF (tax over financial transactions), programs which protect...
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – A giant, inflatable twelve-meter yellow duck appeared on the lawn of Brazil’s National Congress Thursday morning as a protest against the increase and creation of new taxes proposed by the...
Opinion, by Michael RoysterRIO DE JANEIRO, BRAZIL - Economics is sometimes called the “dismal” science, because it deals with scarcity. The etymology of “dismal” is from Latin “dies mali” or “bad days”; Dilma is certainly having very bad days,...
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – In yet another blow to Brazil’s ailing economy, Brazilian President Dilma Rousseff is expected to present the country’s 2016 budget with a forecast of a significant primary deficit, according to...
Opinion, by Michael RoysterRIO DE JANEIRO, BRAZIL - There is a Brazilian saying that goes “Farinha pouca? Meu pirão primeiro!” That translates, roughly, into “Not enough flour? My gravy comes first!” Everybody in Brazil knows there is a lot...
By Sarah de Sainte Croix, Senior Contributing ReporterRIO DE JANEIRO, BRAZIL – Congress has earmarked September 28th as the date to decide on the terms of a constitutional amendment, known as Amendment 29, which will determine a mandatory percentage...
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