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Brazil to suspend diesel tax; sources say bank tax to be hiked | Money

Tuesday, 02 Mar 2021 12:11 PM MYT
In a video posted to social media yesterday, Bolsonaro said the decree would suspend both the so-called PIS/Cofins tax on diesel and taxes on cooking gas for two months. Reuters pic
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BRASILIA, March 2 Brazilian President Jair Bolsonaro said he would issue a decree today suspending a tax on diesel fuel, a move aimed at placating truckers who threatened to strike, while sources told Reuters the government would hike taxes on banks to offset lost revenue.
In a video posted to social media yesterday, Bolsonaro said the decree would suspend both the so-called PIS/Cofins tax on diesel and taxes on cooking gas for two months. ....

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