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Brazil Rules Out Tax Hikes to Stem Dollar Outflow Amid Currency Volatility

2025-01-06Reuters
Brazil Rules Out Tax Hikes to Stem Dollar Outflow Amid Currency Volatility

Brazil's Finance Minister, Fernando Haddad, has announced that the government will not be increasing the financial transactions tax, commonly referred to as IOF, in an effort to mitigate the outflow of US dollars. This decision comes in response to t ...Read more

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