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  • #5947

    Marc Maserati
    Participant

    In order to help pay to balance the budget, the government will reinstate a “financial transfer tax”. Anyone have info on what this covers?

    I read this info here:

    https://www.washingtonpost.com/world/the_americas/brazils-economy-tanks-as-multibillion-dollar-corruption-scandal-expands/2015/09/15/9ccbc882-5b0a-11e5-8475-781cc9851652_story.html

    -Marc

  • #5948

    3cervejas
    Participant
  • #5949

    Marc Maserati
    Participant

    The reason I ask is that there are taxes proposed to tax withdrawl of funds (every friday) dividends to 20% possibly and bank transfers. Not sure which one or all will be put into place.

    -Marc

  • #5950

    Andrewfroboy
    Participant

    What an absurd tax that would be, here’s to hoping it doesn’t happen. If Dilma thinks protesting is bad now, imagine if that came back. Just seems like a self defeating tax, discourages people to spend, start businesses etc.

  • #5951

    Marc Maserati
    Participant

    Agreed. Although for me it wouldn’t be a deal breaker and the anti-corruption part on the surface seems good but they could get the same info from the banks without the fees.

    -Marc

  • #5953

    Andrewfroboy
    Participant

    Right, seems like this would encourage people to be more corrupt, go around banks, create a black market banking system of sorts.

    • #5956

      3cervejas
      Participant

      exactly. They are trying to increase tax generation with the local notas (Paulista, now in Paran) but I see this really making everything go backwards to more cash and less bank transactions. If it passes, anyway, they seem to make it sound very unlikely.

  • #5961

    Andrewfroboy
    Participant

    Yeah, senate seems to be strongly against. I am all for CPMF if it is tied to a massive overhaul/reform of the Previdncia as a whole. Crazy pension burden in Brasil for the age of its people. I will gladly pay a CPMF for even 10 years if it means solving the Previdncia problem.

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