Brazil sees CPMF tax hike approval by yr-end-paper
Reuters, Sunday, November 08, 1998 at 12:32
SAO PAULO, Nov 8 (Reuters) - Brazil expects to get the
proposed increase in CPMF financial deals tax approved by the
year's end, clearing a key element in its $84 billion fiscal
austerity plan, a senior official was quoted as saying Sunday.
"In terms of emergency, transitory measures, the
fundamental element (in the plan) is without doubt the CPMF
increase," Pedro Parente, executive secretary at Brazil's
Finance Ministry told O Globo newspaper in an interview
published Sunday.
"It is fundamental that the CPMF hike is approved by
Congress by the end of the year," he said.
Copyright 1998, Reuters News Service |
