Posts Tagged ‘tax hike’

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As pay notices for the Single Property Tax (ENFIA) reached 6.3 million property owners last week, the mixture of good and bad shocks that they evinced in taxpayers was a clear indication of the confusion regarding how the new property rates have been calculated by the government.

The Brazilian government, facing a larger-than-expected budget deficit this year, will spare a financial transaction levy from its plans to hike tax rates, Valor Econômico newspaper said on Wednesday, citing a senior policymaker.

After seven years of Conservative government-led austerity, a new survey suggests that public sentiment in the U.K. could be changing gears, with support for a tax more, spend more economic model at its highest in a decade.

Brazil is considering possible tax increases, including a rise in the CIDE fuel tax and the IOF financial transactions levy, if forecasts this month suggest it may miss revenue targets, two sources briefed on the matter said on Wednesday.

Sri Lanka’s Supreme Court on Monday temporarily suspended government tax hikes that came into effect on May 2 because they had not yet been approved by the parliament.

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