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Economy & Business - September 2019

Brazil’s economic team rattled by CPMF debate

The Brazilian government’s fiscal game plan requires it to achieve two things this year: pension and tax reform. The first is expected to clear congress by October. The second faces some difficulty, after President Jair Bolsonaro and economy minister Paulo Guedes disagreed over whether to bring back a version of CPMF, the unpopular financial transactions tax which was scrapped in 2007.

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