Table: Cavallo's Recipe for Recovery
By reducing tariffs on capital-goods imports from 14% to zero. Tax on interest on corporate bank loans and tax on assets may be scrapped.
PROTECT LOCAL INDUSTRIES
By hiking duties on imports of consumer goods, now ranging from zero to 20%, to 35%.
BOOST THE TAX TAKE
With new 0.6% tax on banking transactions above $1,000 that could raise as much as $3 billion a year.