Entity Reproves Payment Contribution

The Federation of Trade in Goods, services and tourism of the state of São Paulo (FecomercioSP) has positioned itself against the creation of the "contribution of Payments" (CP), which, according to the entity, rescues characteristics of the provisional contribution on movement Financial (CPMF), extinguished in 2007. The tribute is intended to gradually dishonor the payroll, with an aliquots of 0.20% in debt and financial credit and 0.40% in the withdrawal and deposit in cash. In a statement, FecomercioSP states that "the measure would represent a major impact to the private sector, compromising the pace of economic activity and private investment."