Brazil lower house nixes Lula's financial transactions tax hike

BRASILIA (Reuters) -Brazil’s lower house of Congress on Wednesday overturned a May decree from President Luiz Inacio Lula da Silva raising the financial transactions tax (IOF) on certain credit, foreign-exchange and private pension plan operations. Read full story

Source : https://www.thestar.com.my/news/world/2025/06/26/brazil-lower-house-nixes-lula039s-financial-transactions-tax-hike

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