Brazil Finance Minister Rejects Tax Hike to Stem Dollar Outflow Amid Currency Depreciation
![Brazil Finance Minister Rejects Tax Hike to Stem Dollar Outflow Amid Currency Depreciation](https://www.reuters.com/resizer/v2/5NTG5QU7PBONBJNQTBUHTHZEZQ.jpg?auth=54f38c9ebbb97f9b04d8c18379e9e50a6696262188e885c404794242c8ace49c&height=1005&width=1920&quality=80&smart=true)
Brazil's Finance Minister, Fernando Haddad, announced on Monday that the government will not increase the financial transactions tax, or IOF, to combat the outflow of US dollars. This decision comes after the significant depreciation of the Brazilian ...undefined