US EditionBrazil’s Top Court Freezes IOF Tax Dispute, Demands Government and Congress Talk
18 Articles
18 Articles
Brazil’s Top Court Freezes IOF Tax Dispute, Demands Government and Congress Talk
Brazil’s Supreme Court Justice Alexandre de Moraes has stopped both the government’s and Congress’s recent moves on the IOF, a tax on financial transactions. He ordered them to meet on July 15, 2025, to try to resolve their fight over who controls this tax. President Lula’s government tried to raise the IOF tax in May […]
Caio Mesquita: What crisis? - Global Happenings
A political crisis usually affects markets, increasing volatility and risk aversion. This time, however, it is being different. The relationship between the government Lula and Congress deteriorates in view. The Planalto decided to judicialize the revocation of the increase in IOF Approved by the legislature, and what was already an institutional noise became a declared crisis. The bet on STF It is risky and, at the limit, counterproductive. If …
In his column in the newspaper The State of S. Paulo of July 2, 2025, scholar Carlos Pereira argued that the responsibility of the crisis between the Planalto and the Congress of Lula. In his words, "who fails today the Executive, to know how to play the game of coaliz presidentism." Read more (07/05/2025
Federal Deputy Kim Kataguiri (União Brasil-SP) filed this Friday (July 4, 2025) a Legislative Decree Bill to suspend the effects of the collection of import tax on international purchases of up to US$50. The measure seeks to eliminate the “blouse tax”, a 20% rate applied by the government of President Luiz Inácio Lula da Silva (PT) through the Remessa Conforme program on products that previously entered the country without taxation. In the justi…
The Supreme Federal Court of Brazil has suspended the presidential decrees of the government of Luiz Inácio Lula da Silva on the Financial Transactions Tax (IOF) and the decision of Congress to revoke them with the aim that both parties discuss the issue at a conciliation hearing called for next July 15.
The action was distributed to Minister Carmen Lúcia, rapporteur of two other actions on the subject
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