Brazil's currency rebounded on Friday from record intraday lows after congressional leaders said they would put the brakes on government income tax reform, and the finance minister stressed that fiscal commitment goes beyond a new spending cuts package.

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Reuters

United Kingdom

Brazil's finance minister, Congress leaders seek to calm markets on tax change concerns

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Haddad diz que mercado errou em projeções e precisa fazer "releitura"

Globo

Roberto Irineu Marinho

Brazil

Haddad says the market made a mistake in projections and needs to “reread”

An income tax reform, such as the one proposed by the Lula government last week, presents an additional challenge in relation to changes in consumer taxation: there is no internationally recognized model.
Read more (12/01/2024)

Uma reforma da tributa��o da renda, como a proposta pelo governo Lula na semana passada, possui um desafio adicional em rela��o �s mudan�as na tributa��o sobre o consumo: n�o h� um modelo consagrado internacionalmente.
Leia mais (12/01/2024

Empresas não pagam 34% de Imposto de Renda no Brasil - 01/12/2024 - Que imposto é esse

Grupo Folha

Companies don't pay 34% of Income Tax in Brazil - 01/12/2024 - What tax is this

Finance Minister Fernando Haddad expressed his skeptical view regarding quick solutions to Brazil's economic challenges, stating that there are no “silver bullets”. He emphasized the need for the financial market to reevaluate its expectations, especially regarding economic growth and the primary result, which did not materialize as expected. The statement comes at a time when the dollar reached R$ 5.99, reflecting the negative reaction to the f…

O ministro da Fazenda, Fernando Haddad, expressou sua visão cética em relação a soluções rápidas para os desafios econômicos do Brasil, afirmando que não existem “bala de prata”. Ele ressaltou a necessidade de o mercado financeiro reavaliar suas expectativas, especialmente em relação ao crescimento econômico e ao resultado primário, que não se concretizaram conforme previsto. A declaração ocorre em um momento em que o dólar atingiu R$ 5,99, refl…

Haddad coloca mercado em ‘xeque’ após dólar disparar com anúncio sobre isenção do IR – Jovem Pan

Jovem Pan News

Haddad puts the market under 'check' after the dollar soars with an announcement about exemption from the IRS

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Mortimer Zuckerman

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United States

Brazil's Finance Minister, Congress Leaders Seek to Calm Markets on Tax Change Concerns

The financial market has its projections wrong and needs to “reread”, Finance Minister Fernando Haddad said on Thursday (28). He commented on the stock market crash and the rise of the dollar, which hit R$ 6 at the opening of negotiations, during a press interview to detail the spending cut package and the Income Tax reform. “It's not that you made a little mistake. The market kicked 1.5% growth [of Gross Domestic Product, GDP], and we have almo…

O mercado financeiro tem errado nas projeções e precisa fazer uma “releitura”, disse nesta quinta-feira (28) o ministro da Fazenda, Fernando Haddad. Ele comentou a queda da bolsa e a alta do dólar, que encostou em R$ 6 na abertura das negociações, durante entrevista à imprensa para detalhar o pacote de corte de gastos e a reforma do Imposto de Renda. “Não é que errou pouco. O mercado chutou 1,5% de crescimento [do Produto Interno Bruto, PIB], e …

Haddad diz que mercado financeiro precisa fazer “releitura”

Quadra

State of São Paulo

Haddad says the financial market needs to “reread”

The Brazilian real weakened more than 1% on Thursday and slipped above the 6 units for US$1 marking a historic minimum

El real brasileño se debilitó más de un 1% el jueves y se deslizó por encima de las 6 unidades por US$1 marcando un mínimo histórico

Ministro Haddad calma temor del mercado por reforma al impuesto de renta en Brasil

larepublica.co

Bogotá

Bogota

Colombia

Minister Haddad calms fear of the market for income tax reform in Brazil

By Marcela Ayres SAO PAULO/BRASILIA (Reuters) -Brazil’s currency rebounded on Friday from record intraday lows after congressional leaders said they would put the brakes on government income tax reform, and the finance minister stressed that fiscal commitment goes beyond a new spending cuts package. “We won’t be able to do everything that needs to be done with a silver bullet. This set of measures is not the grand finale of what we need to do,” …

Blue Water Healthy Living

Port Huron

St. Clair County

Michigan

Brazil's finance minister, Congress leaders seek to calm markets on tax change concerns - Blue Water Healthy Living

President Luiz Inácio Lula da Silva (PT) receives this Monday (December 2, 2024), starting at 16:30pm, ministers Fernando Haddad (Finance) and Alexandre Padilha (Institutional Relations), the president of the Senate, Rodrigo Pacheco (PSD-MG), and congressional leaders to discuss the fiscal package. The meeting will take place at the Planalto Palace, in Brasilia. The government is expected to submit the PEC (Proposed Amendment to the Constitution…

O presidente Luiz Inácio Lula da Silva (PT) recebe nesta 2ª feira (2.dez.2024), a partir das 16h30, os ministros Fernando Haddad (Fazenda) e Alexandre Padilha (Relações Institucionais), o presidente do Senado, Rodrigo Pacheco (PSD-MG), e líderes do Congresso para tratar do pacote fiscal. O encontro será no Palácio do Planalto, em Brasília. A expectativa é de que o governo encaminhe a PEC (Proposta de Emenda à Constituição) sobre o tema ainda nes…

Brazil's finance minister, Congress leaders seek to calm markets on tax change concerns

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