Polls show that nearly 80% of the Brazilian population is against raising financial transaction taxes.

A recent poll shows that nearly 80% of Brazilians oppose an increase in financial transaction taxes. According to the research institute Futura Apex in Brazil, 79.5% of respondents expressed disapproval of raising the tax rate, while only 17.2% supported the adjustment, and 3.3% did not have a clear opinion. The recent controversy surrounding the executive order to increase financial transaction taxes has sparked debates in the Brazilian legislative and judicial branches. The Brazilian Congress repealed the government's tax increase decree, but the Supreme Federal Court Justice Alexandre de Moraes ruled to restore the decree's effectiveness. The judicial ruling stated that the government's tax adjustment did not "violate the principle of public interest," but it excluded financial transactions involving "risk acceptance." The survey also found that 54.6% of respondents were following the policy developments closely, while 43.5% were unaware. The adjustment in financial transaction taxes affects areas such as insurance, loans, and foreign exchange. The government claims that this measure aims to address the fiscal deficit, but businesses and some members of the public are concerned that it will increase financing costs and negatively impact economic recovery.