Brazil mulls IOF tax on tax-exempt bonds to boost revenue

Brazil's government is considering applying the IOF financial operations tax to tax-exempt instruments (LCI, LCA, CRI, CRA, debentures) to strengthen revenue collection, per a newspaper report. If implemented, this would reduce the attractiveness of these popular fixed-income investments, potentially shifting capital flows and pressuring credit markets. The proposal is at an early stage and faces legislative hurdles, so its fate is uncertain.

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