IOF Changes in Brazil: Tax Hike Masqueraded as Equalization?

Brazil's IOF Increase: 'Equalization' or Tax Hike? A recent video reaction by financial expert Maria Carolina Gontijo (@duquesadetax) challenges the Brazilian government's claim that recent IOF adjustments constitute a rate equalization. Gontijo argues that the changes disproportionately affect international debit card transactions, leading to higher costs for tourists. "It's not equalization," Gontijo asserts in the video, "it's a tax increase." The video, produced by Estadão, highlights the impact on everyday consumers and sparks debate about transparency in financial policy.