CPMF to IOF | Clipmarks


	CPMF to IOF

brazilnut72

1-3-2008 8:39 AM

131 views

brazilnut72 says:

Classic smoke-and-mirros on the part of the Brazilian government.

Add a Comment

Login to Comment. Not a member yet? Sign up

Seven blunders of the world

McCain and Palin Can No Longer Be Excused

What I learned from Bush

A place to go when at your breaking point

Guantanamo prosecutor who quit had 'grave ...

John McCain and the financial Crisis

More clips from brazilnut72

Biden's Restaurant to Nowhere

Sarah Palin Winks at America

Tolerance on the Left

Today's Top Clips

visit the Top Clips page

View the Top Clips from January 3, 2008

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/fea97c80-fae4-4ef4-b00f-73a0cb2abb47/A2DE653E-4F59-42C2-AF91-06BBD6A0608D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.brazzilmag.com/content/view/9026/" href="http://www.brazzilmag.com/content/view/9026/" style="font-size: 11px;">www.brazzilmag.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.brazzilmag.com/content/view/9026/"> CPMF is out, IOF is in. Despite promises from Brazilian President Luiz Inácio Lula da Silva that new taxes would not be created to compensate for the 40 billion reais (US$ 22.5 billion) the government lost when Congress at the end of 2007 discontinued the Temporary Contribution on Financial Transactions (CPMF) tribute, new tariffs were announced the very first working day of the new year.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.brazzilmag.com/content/view/9026/">The levy known as IOF (Tax on Financial Operations) will be applied on business and personal financial operations, including real estate loans, insurance, exchange and international credit card operations.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.brazzilmag.com/content/view/9026/">
Mantega recognized that the only thing that changed was the name of the tax from CPMF to IOF. "All the government did was to change from six to half a dozen," he told reporters. The new tariff starts being charged today.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A2DE653E-4F59-42C2-AF91-06BBD6A0608D/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Blog; Copyright; Privacy; EULA

Search Options

Related Clips

More clips from brazilnut72

Today's Top Clips