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Montevideo, July 23rd 2024 - 11:00 UTC

Tag: Fernando Haddad

  • Friday, April 19th 2024 - 21:14 UTC

    Brazil's Finance Minister hopes G20 will tax the super‑rich to tackle world's debt crisis

    Haddad recalled that Biden's government was holding thoughts along the same lines regarding the wealthiest people

    During his trip to Washington DC to attend International Monetary Fund (IMF) and World Bank (WB) engagements, Brazil's Finance Minister Fernando Haddad said he hoped the G-20 would approve later this year a new taxation for the planet's super-rich so that the global economy could adjust amid an unprecedented debt crisis, Agencia Brasil reported.

  • Friday, March 1st 2024 - 10:49 UTC

    G-20 economy ministers fail to reach consensus due to ongoing wars

    “As far as the financial track is concerned, there was consensus on everything we discussed. We didn't discuss geopolitical conflicts in our meetings,” Haddad explained

    The summit of Economy Ministers of the G-20 in São Paulo failed Thursday to reach a unanimous declaration due to discrepancies over the ongoing armed conflicts in Ukraine and Gaza, it was reported. ”We came very close (...) it was almost by a word,“ Brazil's Fernando Haddad said during a press conference. Brazil, which this year holds the rotating presidency of G-20 wanted to ”leave aside” all geopolitical tensions but to no avail.

  • Thursday, January 4th 2024 - 10:48 UTC

    Lula should run for reelection in 2026, Haddad says

    Haddad acknowledged that at some point the issue of Lula's succession will come up. “And I think there should be some concern about that”

    Brazilian Finance Minister Fernando Haddad said Wednesday that there was consensus among the ruling coalition that President Luiz Inácio Lula da Silva should seek reelection in 2026.

  • Wednesday, September 20th 2023 - 09:48 UTC

    Mercosur's future at stake in Argentina's elections, Brazilian minister says

    “I don't know what will become of Mercosur if the agreement isn't closed and we have an 'exotic' election result in Argentina,” Haddad said

    Brazilian Finance Minister Fernando Haddad said in New York that he believed the future of Mercosur hinged on the outcome of this year's presidential elections in Argentina, Agencia Brasil reported. He also denounced France's attempt to delay the Mercosur-EU trade agreement from becoming effective.

  • Tuesday, August 29th 2023 - 10:02 UTC

    Brazil: Temporary tax on the super-rich enacted

    Lula's measure must be approved by Congress within 120 days or be dropped

    Brazilian President Luiz Inácio Lula da Silva Monday enacted a provisional measure (MP) providing for the collection of taxes of between 15% and 20% on exclusive funds with a single shareholder, Agência Brasil reported.

  • Tuesday, August 29th 2023 - 09:41 UTC

    New financing deal reached for trade between Argentina and Brazil

    The destiny of Argentina and Brazil are unfailingly tied, Massa told Lula and Haddad (pic)

    Argentina's Economy Minister and presidential candidate Sergio Massa Monday announced after a meeting with his Brazilian colleague Fernando Haddad and with President Luiz Inácio Lula da Silva that an agreement had been reached to finance imports worth US$ 600 million, among other achievements.

  • Thursday, August 24th 2023 - 11:01 UTC

    Brazil's Finance Minister proposes trade with Argentina in yuan

    It will be good news if Argentina agrees, Haddad said

    Brazil's Finance Minister Fernando Haddad said Wednesday in Johannesburg during the 15th BRICS Summit that Argentina might finance its foreign trade with his country by using Chinese yuan instead of US dollars, Agência Brasil reported.

  • Friday, July 21st 2023 - 10:28 UTC

    Brazil's gov't wants the “super rich” to pay income tax on funds abroad

    A worker who earns a low salary pays income tax and a millionaire does not, Haddad underlined

    Brazil's Finance Minister Fernando Haddad said the federal government was considering additional taxes to the country's largest fortunes to “correct absurd things in the tax system,” it was reported. According to the former presidential candidate, the government wants to tax the “super rich” who have offshore funds or hold their investments in exclusive funds that currently do not pay income tax.

  • Thursday, June 15th 2023 - 10:55 UTC

    Brazil: Haddad congratulates Congress and STF for better S&P ratings

    Haddad wants the Central Bank to lower the Selic interest rate

    Brazil's Finance Minister Fernando Haddad Wednesday said that the improved outlook by the risk rating agency Standard & Poor's (S&P) was due to the harmony between the branches of government, Agencia Brasil reported. In Haddad's view, National Congress and the Federal Supreme Court (STF) have an important role in the S&P's decision, but the Central Bank (BCB) needs to “join the effort” and start reducing the interest rates.

  • Monday, June 5th 2023 - 12:35 UTC

    Lula favors popular car package

    The tax waiver will be fully compensated “by the measures I took to the President of the Republic,” Haddad explained

    Brazilian President Luiz Inácio Lula da Silva is in favor of a package of measures to boost the production of a so-called popular car, according to Finance Minister Fernando Haddad, Agencia Brasil reported.