CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1268 Fri; -0.32% Y/Y

EZ/UK Bond Supply Calendar: BoE APF on Monday

PCE Income-Spending Gap Suggests Nascent Consumer Caution

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Provisional Measure on Taxation of Funds Published

BRAZIL
  • Provisional measure on taxation of investment funds in the country was published in an extra edition of the official gazette. The provisional measure suggests that the funds should be charged by 15-20% twice a year. A 10% tax rate would be offered for those who start paying the tax in 2023. However, House speaker Lira prefers a 6% rate instead of 10% for those who start paying in 2023. The government expects to raise BRL 24bn between 2023 and 2026.
    • Additionally, the government sent to Congress a bill proposing changes on taxes on earnings from Brazilian residents which are raised abroad.
  • BCB Governor Campos Neto mentioned in an event in Sao Paulo that Brazil fiscal policy is in stimulative territory and alerted the importance of a fiscal debate. He also added that the Tax Reform will help to reduce the country’s neutral interest rate and that the Central Bank’s work is not finished yet. He is scheduled to meet JPM Chief Economist Diego Garmendia today at 2100BST/1600ET.
  • President Lula will meet planning minister Tebet at 1500BST/1000ET. Later he meets his Chief of Staff Rui Costa, Planning Minister Tebet, Finance Minister Haddad and Public Services Minister Dweck at 1900BST/1400ET.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.