Transaction Tax tagged posts

Financial Transaction Tax in Brazil

August 26, 2009 Taxation in Brazil  No comments

In the face of falling revenues, Brazil’s governing coalition are looking to implement a new tax on financial transactions.

Facing a financial situation not dissimilar to governments worldwide, Brazil’s leading coalition in Congress will attempt to instate a new financial transaction tax, to offset its own falling revenues and increased spending. The government will attempt to push through a bill which will see a 0.1% tax implemented on all financial transactions. The tax, if accepted, will see an extra BRL12 billion in the Government’s coffers per year. The extra money is intended to finance Brazil’s healthcare system...

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