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Brazil Finance Minister Rejects Tax Hike to Stem Dollar Outflow Amid Currency Depreciation

2025-01-06Reuters
Brazil Finance Minister Rejects Tax Hike to Stem Dollar Outflow Amid Currency Depreciation

Brazil's Finance Minister, Fernando Haddad, announced on Monday that the government will not increase the financial transactions tax, or IOF, to combat the outflow of US dollars. This decision comes after the significant depreciation of the Brazilian ...Read more

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