Brazil's Bolsonaro camp at odds over reviving loathed tax
SEPTEMBER 19, 2018 / 4:46 PM / UPDATED 7 HOURS AGO
3 MIN READ
BRASILIA, Sept 19 (Reuters) - Far-right presidential hopeful Jair Bolsonaro’s campaign on Wednesday was sharply at odds with the candidate’s economic guru over whether a loathed financial transactions tax would return, exposing cracks in the front-runner’s team.
The so-called CPMF tax introduced in 1993 as a temporary measure to subsidize Brazil’s public healthcare system charged 0.38 percent on all financial transactions, including checks. It was in place until 2007.
Bolsonaro’s economic strategist Paulo Guedes, who has single-handedly won the market’s confidence in his candidate - a seven-term congressman who has consistently voted against liberal economic policies - said he planned to reintroduce a similar tax, according to a story published on Wednesday by the Folha de S.Paulo newspaper.
Bolsonaro has already said that if he wins, Guedes would become a “super minister” overseeing Brazil’s economy.
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https://www.reuters.com/article/brazil-election-taxation/brazils-bolsonaro-camp-at-odds-over-reviving-loathed-tax-idUSL2N1W51LJ?rpc=401&
