Moraes decides on Iof and maintains part of the lula decree on the increase in taxes

The minister’s decision occurs after the frustration for the government’s agreement and the congress in a conciliation hearing

Brasilia – Federal Supreme Court Minister Alexandre De Moraes has decided to keep part of the decree of President Luiz Inacio Lula Da Silva who has increased the tax on financial transactions, revoking only the collection of risk operations.

Dreat Risk is a sort of financing in which a company pays its suppliers in sight, even without having all the money. For this, the company has the help of a bank.

The bank advances the amounts, charged interests. For example, a shop that sells a refrigerator in 12 installments will not simultaneously receive money from the customer. To pay the refrigerator manufacturer, the company borrows the money from the bank, which has the right to receive customer installments – and this is the risk designed.

According to Moraes, the equalization of risk with credit operations would damage legal certainty.

The minister said that, at risk, the presidential decree extracted the regulatory power of the executive.

Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.