News
WSJ | Brazil Kicks Up Taxes on Beer, Soda Ahead of World Cup
The government said the increase, effective immediately, applies to beer, some juices, and energy and sports drinks. Dyogo Oliveira, a senior finance ministry official, said the tax increase had been postponed from October and would raise an estimated 200 million Brazilian reais ($85 million) this year to help bolster the government's finances. The tax is equal to around 1 cent an item, the government said.
Blogs
WSJ | New House Budget Doesn’t Back Rep. Camp’s Tax Reform Plan
The Republican budget released on Tuesday repeats a longstanding GOP call for overhauling the tax code, but notably stops short of endorsing the plan that Ways and Means Chairman Dave Camp (R., Mich.) set out in February. Mr. Camp isn’t running for re-election in November, and House Budget Committee Chairman Paul Ryan (R., Wis.) is considered a strong candidate to succeed him.
