Haddad says IOF has taken a retreat to prevent specs | The economy
Oh Finance Minister, Fernando Haddad, 23, said Friday morning Government retreat on Financial Operations Tax (IOF) collection For Investment App from Brazilian backgrounds abroad. According to him, the government has the cooperation of partners to “the right ways” and does not want to “prevent investment abroad”.
“We have public subsidies in the market that can cause IF problems,” he said in a press interview in the morning before launching the market. Haddad said that the government has no problem to correct the “As long as we follow the course of financial goals”. He claimed that he did not consider the exaggerated market reaction, like December last year. “Because of the evolution, we had to be fast in the review.”
The minister said that a set of steps announced by the “year 22, 22 and the total billion of 50 billion has been announced. He admitted that the government would have to adjust the funds to about 2 billion due to the decline in the IOF collection.
Haddad said that everyone has a command in connection with agricultural communication with the Central Bank on these measures. “I will not review BC decisions,” he said. The minister said that he was often talking to Gabriel Galipo and warned that there would be steps about income and expenditure. “BC does not analyze the decisions of the Republic President. This is not a policy.”
Thursday, the The financial team has announced a series of changes in IOF, including creating a 3.5% rate for investment application from Brazilian backgrounds abroad.
Depending on the strong negative evolution between the financial market agents, the farm has been withdrawn from the proposal by publication on Thursday night, X. With the decision, the zero rate is in effect.
The folder has also diminished in the changes announced in the goods intended for individual investment. In this case, the current rate will also be maintained 1.1%.
People with knowledge of this subject said Estado/transmission The IOF declining tax changes will have an impact on the total revenue of the expted -expted revenue with less than 10%, this year R $ 20.5 billion and R R in 2026 is $ 41 billion.
The report showed that Central Bank President Gabriel Gabriel was contacted on Thursday on the steps of central bank president Gabriel Galipolo, before the government nodded the status of the IOF changes.
In addition to this, according to individuals, the government’s assessment of Galipolo is “decisive” to change its idea of taxes. Thursday night, an emergency meeting was held to discuss the matter. Haddad did not participate, because he was already in Sao Paulo.
