US EditionLula Appeals to Brazil Supreme Court to Uphold Tax Hike Plan
8 Articles
8 Articles
Brazil government challenges Congress' reversal of tax hike, escalating tensions
BRASILIA - Brazil's government filed a lawsuit with the Supreme Court on Tuesday challenging Congress' decision to overturn a tax hike on financial transactions, heating up tensions between the branches of power as the administration seeks ways to meet fiscal goals. Read more at straitstimes.com.
The president of Brazil, Luiz Inácio da Silva, defended appealing to the courts against the annulment by the Chamber of Deputies of the decree that intended an increase in the rates of the Tax on Financial Transactions (IOF). READ ALSO Lula will be able to visit Cristina in his house on Thursday “If I do not appeal to the judiciary, if I do not go to the Supreme Court, I will no longer govern the country. That’s the problem. Everyone has their o…
Lula Appeals to Brazil Supreme Court to Uphold Tax Hike Plan
Brazil’s government will appeal to the Supreme Court to try to save a controversial tax decree overturned by Congress, escalating a fight between President Luiz Inacio Lula da Silva and lawmakers over the administration’s efforts to shore up its budget.
During the participation in the Lisbon Legal Forum, on Thursday (2), Federal President Marcos Pereira (Republicos-SP), the national president of the party, criticized the federal government's decision to act on the Supreme Federal Court (STF) to ban the repeal of the decree which increased the tax rates of the Financial Operations (IOF). For him, political jurisdiction is a “signum for democracy” and evidence of increasing tension between the Ex…
The Chief of Staff, Rui Costa, defended the Lula administration’s appeal to the Supreme Court to reinstate the decree on the Tax on Financial Transactions. “No, there is no conflict, there is dialogue, there is a search for understanding, but there is also a search to guarantee the government’s prerogatives. Under the presidential system, according to the Constitution, the president can issue decrees and ordinances,” Costa said in an interview o…
The minister repeated several times that the action in the STF, announced yesterday by the Attorney General of the Union, Jorge Messias, is just a normal consultation.
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