Brasília, June 26, 2025 (AFP) - Brazil's Congress repeals Lula tax hike decrees

NAMPA / AFP
2025-06-26
Brazil's Congress voted Wednesday to repeal tax increases on international transactions decreed by President Luiz Inacio Lula da Silva, dealing a setback to his efforts to balance the budget of Latin America's largest economy. It struck down in both houses three decrees signed by Lula in May that included raising taxes on credit card purchases abroad and money transfers to other countries. Lindbergh Farias, leader of the ruling party in the Chamb......
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