Lacking congressional support Rousseff discards reinstating financial transactions tax

Monday, August 31st 2015 - 07:22 UTC

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President Dilma Rousseff has dropped the idea of reinstating a tax on financial transactions to bridge a gaping fiscal deficit in Brazil after it ran into a barrage of criticism even from within her coalition, Brazilian media reported on Sunday. Read full article

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ChrisR
At least that is a more in the right direction: I thought Brazil needed to move the economy forward, not slam the brakes on for financial dealings?
Aug 31st, 2015 - 11:11 am - Link - Report abuse 0
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Jack Bauer
The proposal to re-create the tax on financial movement has not been completely quashed. But the simple fact that they are considering it, is a sign they have not learned their lesson. It was revoked a few years back because it simply increased costs all through the whole industrial process and screwed the consumers. If they need the revenue so badly, they should cut the number of Ministries as well as sack thousands of Federal employees, who are just milking the system.
Aug 31st, 2015 - 08:30 pm - Link - Report abuse 0
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