The Favela Pays. the State Doesn't Come Back.

Globo

Factuality

Ownership

In Brazil, it is always the same story: when the government needs to raise more, look down. The recent rate on the IOF is further proof of this. The tax on financial operations such as credit, insurance and exchange could be a mechanism to tax wealth and large financial transactions. But in practice, those who feel the weight are small entrepreneurs, individual workers and favelas families. Unique material for signatories. To have complete acces…