BRASILIA, Oct 26 (Reuters) - Brazil's Finance Ministry is preparing a decree that nearly doubles the tax on the sale of firearms and ammunition, arguing that the measure is necessary to boost revenue and reduce crime, according to a draft document seen by Reuters.
Prepared by the revenue service at the request of Finance Minister Fernando Haddad, the decree raises the industrial tax on revolvers, pistols, shotguns, carbines, pepper spray, and other equipment from 29.25% to 55%, in addition to also increasing the tax on ammunition.
The proposal was sent by the revenue service to the ministry's executive secretary, Dario Durigan, on Wednesday night.
The revenue service declined to comment.
The move aligns with other actions by leftist Lula, who has consistently opposed policies that encourage the sale and use of firearms.
Persons:
Fernando Haddad, Dario Durigan, Luiz Inacio Lula da Silva, Lula, Jair Bolsonaro, Bernardo Caram, Bill Berkrot
Organizations:
Brazil's Finance Ministry, Reuters, Finance, Thomson
Locations:
BRASILIA