UPDATE 1-Brazil to raise tax on banks to bolster fiscal accounts

[ahlam1399]

UPDATE 1-Brazil to raise tax on banks to bolster fiscal accounts

UPDATE 1-Brazil to raise tax on banks to bolster fiscal accounts
BRASILIA, May 22 (Reuters) - The Brazilian government on Friday an**unced a raise in income tax on banks to 20 percent from 15 percent, in an expected move to lift revenues to curb its swollen budget deficit and regain investor confidence.

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