MarketsHighReportedAccelerating
9.0
Brazil markets rally on Bolsonaro victory, austerity bets
FDLO·BR·3 days ago
Brazilian presidential candidate Flávio promises to review the split payment mechanism of the tax reform, which automatically separates IBS and CBS at payment time, arguing it harms companies' working capital. This signals a potential policy reversal if elected, creating uncertainty for businesses and markets. The claim is based on his economic team's statement, with no further details on implementation.