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Long Rates Fall After Tax Measures by the Government and Hard Game of Congress
Summary by CNN Brasil
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The Brazilian term curve passed through a process of focusing on this Friday (12), with the longest in-depth DIs rates in the midst of market abuse in relation to the tax scenario, after the Lula government reviewed the IOF alternatives in the evening and raised the tax on financial applications, among other measures. The view that the tax adjustment was again reflected on the increase in revenue – and not on the costs cuts – and the reading tha…
·Brazil
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The new recovery and budgetary control measures include changes in the IR, CSLL and the setup regime
·Brasília, Brazil
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