Why iof Is Trending Today?

The Brazilian Congress is set to discuss the lifting of environmental licensing vetoes by President Lula, with the opposition pushing for their removal. The government of Lula has secured a digital victory in a debate surrounding the potential derrubada (overturn) of a provisional measure (MP) that served as an alternative to the IOF tax. Following the derrubada of this MP, Minister Haddad has decided to cancel his trip to Washington for FMI meetings. Haddad later stated on Twitter that the MP 1.303 was derrubada due to the influence of lobbying by privileged groups in Congress. The derrubada of the MP has led to a decrease in future interest rates, reflecting the IPCA and the removal of the MP on IOF. The secondary market for LFTs has experienced relief following the derrubada of the MP on IOF. Minister Tarcísio de Freitas has sparked controversy by criticizing Haddad's actions and accusing him of creating 'shame' after the derrubada. The Secretary-Executive of the Treasury has expressed concern that the derrubada of the MP is akin to 'rooting against the country'. The Ibovespa stock market has been volatile as it assesses the impacts of the derrubada of MP 1.303. Tarcísio de Freitas, who was reportedly involved in the derrubada efforts, has stated that the population is tired of paying more taxes. The National Confederation of Industry (CNI) has welcomed the derrubada of the alternative MP on IOF by the Chamber of Deputies.

Lula, the Brazilian President, has announced plans to convene ministers to discuss the government's response to the rejection of the MP of the IOF. The rejection of this measure has led to a decrease in the dollar's value, as well as a significant drop in future interest rates, due to the IPCA coming in below expectations. Haddad, the former mayor of São Paulo, has stated that the impact of the MP's rejection for this year is 'very small' due to the Supreme Court's decision regarding the IOF. Lula has also expressed his intention to propose that the financial system 'pay the due taxes' following the rejection of the MP. The voting records of each deputy in the rejection of the alternative MP to the IOF have been made public. Randolfe, a senator, has suggested that the increase in the IOF is an alternative to the loss of revenue resulting from the rejection of the MP. Government allies are considering presenting a project with urgency to cover the deficit caused by the rejection of the MP, and some have pointed to electoral motivations behind the opposition's actions. Gleisi, a senator from the Workers' Party, has criticized the opposition's 'narrow-minded' approach to the rejection of the alternative MP to the IOF. The relator of the MP has warned that the government may adopt unilateral measures against certain sectors if the MP of taxes is rejected.

Los Gallagher reconciled on stage; "La Chilindrina" accuses being prevented from reconciling with Chespirito before his death; Armenian-Turkish-Azerbaijani reconciliation concerns Russia; Moraes suspends acts on IOF and schedules conciliation hearing; Motta adopts conciliatory tone, denies breaking with government, criticizes social media attacks.

Lula praises Congress, advocates for conciliation, and expresses intent to be re-elected in 2026. Moraes suspends IOF decrees, convening a conciliation hearing between the government and Congress.