S. Finance Minister, Fernando Haddad, He said on Friday morning 23, that The government retracted the collection of financial operations tax (IF) To apply investments from Brazilian backgrounds abroad aims to avoid speculation. According to him, the government was able to cooperate with the partners for “correction methods” and do not want to “prevent investments abroad.”
He said in an interview in the morning before the opening of the market: Haddad said that the government does not face a problem in correcting the roads as long as we “follow the path of achieving financial goals.” He also mentioned that he did not think about the exaggerated market reaction, as in December last year. “Given the repercussions, we had to be fast in the review.”
The minister stated that the set of measures announced on Thursday, 22, a total of about 50 billion dollars, “to close the year.” He admitted that the government may have to control money free of charge by about two billion dollars due to the decline in the IOF group.
Regarding agricultural communication with the central bank on measures, Haddad stated that everyone has an authorization. “I do not review decisions before BC,” he said. The minister said he was speaking to Gabriel Gallipolo often and warned against the existence of measures on revenues and expenditures. “BC does not analyze the decisions of the President of the Republic, and this is not the procedure.”
On Thursday, and The economic team has announced a series of changes in IOF, including a 3.5 % rate of investment to apply investments from Brazilian backgrounds abroad.
Given the strong negative repercussions between the financial market agents, the farm fell from the proposal on Thursday night, through a leaflet in X. With the decision, the zero rate is still in effect.
The folder also fell in the changes announced in the shipments designated for investments by individuals. In this case, the current rate of 1.1 % will also be maintained.
People who have knowledge of the topic said Estadão/broadcast The IOF decrease has an impact of less than 10 % on the total expected revenue with tax changes, at a value of $ 20.5 billion this year and $ 41 billion in 2026.
The report also found that the Central Bank President Gabriel Gallipolo was consulted on Thursday by Planalto Palace in the declared measures, before the government heard the position of retreating in IOF changes.
According to people, along with this issue, Galipolo’s evaluation was “decisive” for the government to change its idea of taxes. On Thursday night, the emergency meeting was held to discuss this issue. Haddad did not participate, because he was already in Sao Paulo.
