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COUNTRY INSIGHTS

The House approved the urgent status of the legislative decree on the IOF, Congress is expected to analyze presidential vetoes, and the Copom meetings will begin today to decide on the benchmark interest rate
BRAZIL POLITICS · Report · 17 Jun 2025

As expected, the Lower House approved the urgent status for the legislative decree bill that overrides President Lula’s decree on the IOF tax. The margin was wide: 346 to 97. A session of the National Congress is scheduled for today. More than 60 presidential vetoes are pending review, some datin...

The PSD's political chessboard and other weekly topics
BRAZIL POLITICS · Report · 16 Jun 2025

The Lower House may vote on an urgent status for the legislative decree that suspends the president’s decree on the IOF. Congress will hold a session to analyze presidential vetoes, during which the request to open a Joint Parliamentary Committee of Inquiry (CPMI) on the INSS may be read. In the ...

The House should vote today on a legislative decree that revokes the President’s decree on the IOF, Congress is expected to discuss budget fund transfers, and presidential vetoes are scheduled to be analyzed tomorrow
BRAZIL POLITICS · Report · 16 Jun 2025

A vote is scheduled for today on the urgent status of a legislative decree bill that seeks to override the President’s decree increasing the Financial Transactions Tax (IOF). There is pressure from sectors of the Lower House not only for the urgent status of the bill but also for a vote on the bi...

The House is expected to vote on a legislative decree that revokes the President’s decree on the IOF tax, allies are distancing themselves from the government, and there is a holiday next week in Brazil
BRAZIL POLITICS · Report · 13 Jun 2025

The Lower House sent a strong message to the government: it scheduled a vote for next Monday on a legislative decree that revokes the president’s decree on the IOF tax. It is also clear that some allies have begun distancing themselves from the government as the election approaches and the admini...

A decree on the IOF tax and an MP on other taxes were published, there has been a delay in the payment of parliamentary fund transfers, and the STF voted to hold social media platforms accountable for content posted by users
BRAZIL POLITICS · Report · 12 Jun 2025

A decree adjusting the Financial Operations Tax (IOF) and a provisional measure (MP) addressing the taxation of financial investments, betting platforms, and the increase in the Interest on Equity (JCP) rate, among other measures, were published yesterday in a special edition of the Federal Offic...

The STF concluded the testimony phase for the case on the attempted coup, discussions on the IOF are ongoing, and members of the Agricultural Front presented alternative proposals in response to the government’s plan to tax LCAs
BRAZIL POLITICS · Report · 11 Jun 2025

The First Panel of the Supreme Federal Court (STF) concluded yesterday the testimony phase for the defendants in the so-called “central group,” accused of orchestrating an attempted coup in 2022. Among those who testified were former President Jair Bolsonaro and General Braga Neto. Regarding the ...

Haddad should meet with Lula to discuss alternative measures to the IOF, Motta defended setting a cap on healthcare deductions in income tax filings, and Social Security Minister Queiroz will participate in a public hearing
BRAZIL POLITICS · Report · 10 Jun 2025

Today, Finance Minister Fernando Haddad is expected to meet with President Lula to discuss alternative measures to the IOF tax. On Sunday, Haddad said there will be an immediate recalibration of the IOF, including an 80% reduction in specific operations known as “risco sacado” and a reduction of ...

The nationalization of João Campos and other weekly topics
BRAZIL POLITICS · Report · 09 Jun 2025

There is anticipation over the government’s submission to Congress of alternative measures to the IOF increase. The Supreme Federal Court (STF) continues its judgment on the liability of big tech platforms for third-party content posted on social media. The Court is also hearing depositions from ...

Haddad announced a series of measures to offset the IOF increase, the STF will hear from defendants in the coup d’état case, and the STF will resume deliberations on the civil liability of internet platforms on Wednesday
BRAZIL POLITICS · Report · 09 Jun 2025

After a meeting with the Presidents of the Lower House, Hugo Motta, and the Senate, Davi Alcolumbre, Finance Minister Fernando Haddad (PT) announced a series of measures to offset the increase in the IOF tax. The package was announced late Sunday night, June 8. This week, the Supreme Federal Cour...

The STF continues adjudication of important cases, Haddad will meet with party leaders over the weekend to discuss the IOF tax, and the STF will hear from defendants in the case regarding the attempted coup
BRAZIL POLITICS · Report · 06 Jun 2025

The Supreme Federal Court (STF) continued yesterday the joint trial of two appeals concerning the civil liability of internet platforms for third-party content and the possibility of removing offensive material at the request of the affected party, without the need for a court order. Today, the j...

The STF resumes analysis of two appeals on the Internet Civil Framework, Lula’s disapproval rating rose by one percentage point, and the PSDB will hold a convention in Brasilia to discuss its union with the Podemos party
BRAZIL POLITICS · Report · 05 Jun 2025

The Supreme Federal Court (STF) today resumes the trial of two Extraordinary Appeals (RE No. 1.037.396 and RE No. 1.057.258) that challenge the constitutionality of Article 19 of the Internet Civil Framework. Article 19 is a provision that exempts platforms from civil liability for hosting third-...

Lula met with government leaders to discuss the IOF increase, disapproval of Lula’s administration has reached the highest levels of his term, and Lula held a press conference yesterday to highlight government achievements
BRAZIL POLITICS · Report · 04 Jun 2025

President Lula met yesterday with Finance Minister Fernando Haddad and the Presidents of the Lower House, Hugo Motta (Republicanos-PB), and the Senate, Davi Alcolumbre (União-AP), to discuss alternative measures to the IOF tax increase. PoderData released a new poll yesterday on the public’s eval...

Minister Haddad met with government leaders to discuss the IOF tax, Galípolo said the IOF should not be used to generate revenue, and STF Justice Moraes scheduled sessions to discuss the attempted coup
BRAZIL POLITICS · Report · 03 Jun 2025

Finance Minister Fernando Haddad met yesterday with the President of the Lower House, Hugo Motta (Republicanos-PB), and the President of the Senate, Davi Alcolumbre (União-AP), to discuss alternatives to increasing the IOF (Tax on Financial Transactions). Yesterday, at an event hosted by the Cent...

Hurdles facing new electoral rules and other weekly topics
BRAZIL POLITICS · Report · 02 Jun 2025

This is expected to be a quiet week in the National Congress due to the 11th BRICS Parliamentary Forum, taking place in Brasília. On Monday, June 2, the Lower House may vote on the urgent status for a bill favoring the chemicals industry. In the Supreme Federal Court, attention will be on the rul...

Congress hosts the XI BRICS Parliamentary Forum, the government continues to discuss the IOF decree, and the STF will hear two appeals on the Internet Bill of Rights
BRAZIL POLITICS · Report · 02 Jun 2025

Congress is expected to have a quieter week, as it hosts the XI BRICS Parliamentary Forum, which will include representatives from 31 legislative bodies and approximately 150 legislators from other countries. The IOF issue remains on the government and Congress’s agenda. Lower House President Hug...

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