US EditionBrazil's Tax Storm: How a 10-Day Deadline Could Reshape Lula's Agenda
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8 Articles
Brazil's Tax Storm: How a 10-Day Deadline Could Reshape Lula's Agenda
Brazilian President Luiz Inácio Lula da Silva praised House Speaker Hugo Motta on June 1, calling him a “new kind of leader” during a Socialist Party convention. This overture comes as Lula’s government faces a congressional revolt over a sharp increase to the Financial Transactions Tax (IOF), which risks derailing his economic agenda. The government […]
On Tuesday, 2, the city of São Paulo received actions for the Day of Free Taxation. West accompanied the movement. Click and read more
The Provisional Measure (MP) by President Luiz Inácio Lula da Silva (PT) that prohibited the collection of taxes on Pix was not voted on within 120 days and expired this Monday (June 2, 2025). The proposal, published in January, was a response by the federal government to the crisis caused by the IRS's normative instruction – later overturned – that increased oversight of transfers over R$5,000 from Pix by individuals. Registration form free al…
During the National Congress of the PSB, President Luiz Inácio Lula da Silva (PT) praised Hugo Motta, current President of the House of Representatives, referring to him as a "newity in politics". The Brazilian leader highlighted Motta's critical position in relation to the discussions on the increase of IOF (tax on Financial Operations), emphasizing the importance of dialogue between the executive and legislative powers. The Congress opposed th…
"The left parties in this country will treat him as if someone had never imagined they could treat a President of the House," said Lula.
The President commends Hugo Motta and says that Executive should talk to Parliament more before taking government decisions.
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