BRAZIL: Candidate Ciro Gomes Defends Tax On Large Financial Transactions

(RTTNews) - 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.