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Weekly Report - 8 November 2007 (INNS 1741-7422)
BRAZIL: CPMF approval at risk unless Lula bows to PMDB
The main opposition party, the Partido da Social Democracia Brasileira (PSDB)
decided this week to vote against the extension of the provisional tax on
financial transactions (CPMF) in the senate. This means it will be almost
impossible for the government to extend the CPMF, a provisional tax that brought
in revenues of R$36bn (US$19.4bn) last year alone. The only way for President
Lula da Silva to have CPMF extension (until 2011) approved before the tax
expires at the end of the year is to bow to demands from the Partido do
Movimento Democrático Brasileiro (PMDB) for more space in the government.
- Colom claims victory in Guatemala
- EL SALVADOR-MEXICO: Saca denounces funding for Bolivarian Circles
- TRINIDAD & TOBAGO: Manning wins comfortable majority
- TRACKING TRENDS
- PERU: Drug gang destroys police station
- ECUADOR: Correa trims powers of economy ministry
- TRACKING TRENDS
- BRAZIL: CPMF approval at risk unless Lula bows to PMDB
- BRAZIL: Brazil joins South American arms race
- ARGENTINA-URUGUAY: Still no end in sight for mill controversy
- TRACKING TRENDS
- MEXICO: The final elections of 2007
- MEXICO: Flood waters recede
- TRACKING TRENDS
- Talks to save Bolivia's constituent assembly collapse
- Quotes of the week
- Latest data