Brazil Daily

Brazil could have new tax on financial transactions

Good morning! The government wants to tax all financial transactions in Brazil—a highly controversial idea. Landowners want to allow land grabbing. Suicide rates explode among Brazilian cops. And the dreadful Tuesday for Amazon’s competitors. (This newsletter is for platinum subscribers only. Become one now!)


Brazil could have new tax on financial transactions

The Economy Ministry’s tax reform plan includes a 0.4-percent tax on cash withdrawals and bank transfers. Another 0.2-percent tax would be slapped on payments made by debit or credit card—to be paid by merchants and consumers alike. To compensate for the move, the government would...

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