(Agencia CMA Latam) - Ciro Gomes, the only Brazilian presidential candidate to show increasing popularity among voters in a recent survey, said that he could reinstate a tax on financial transactions - the so-called CPMF - but only to large operations.
During an interview to Folha, Uol and SBT, three media firms from Brazil, Gomes said that the tax would only apply to large-scale financial transactions.
"For now there is no proposal regarding CPMF. There is a lot of people suggesting taxes on large financial transactions. I am listening, and I will listen with a lot of respect. In this country, it is the middle and the lower classes who pay taxes," he added.
by Agencia CMA Latam
For comments and feedback: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.