💨 Abstract

The Brazil’s Supreme Court attempted to mediate a dispute between President Lula da Silva's government and Congress over a tax increase, resulting in a stalemate. Both sides agreed to let the court decide. The conflict involves the government's decision to raise the Tax on Financial Operations (IOF) and Congress' move to block it. Justice Alexandre de Moraes temporarily suspended both actions, leaving the tax's future uncertain until the court rules.

Courtesy: theprint.in