Brazil: Government Proposes Minimum 10% Tax on Higher Incomes

Edited by: Elena Weismann

The Brazilian government is considering a proposal to establish a minimum 10% tax on higher incomes to promote tax justice. This measure aims to correct distortions, ensuring those currently paying lower rates contribute more.

Planning Minister Simone Tebet highlighted the need to reduce expenses without affecting the lower population strata. She also discussed the impact of the Continuous Benefit (BPC) on the budget, which is expected to increase.

The government's focus is on modernizing benefits and revising spending, with no plans for a new pension reform or decoupling pensions from the minimum wage.

Sources

  • Folha de S.Paulo

  • O pobre é quem paga mais imposto no país, precisamos mudar isto, afirma Simone Tebet

  • Tebet descarta desvinculação de aposentadorias do salário mínimo

  • Simone Tebet critica ‘minirreforma trabalhista’ embutida na MP do Contrato Verde e Amarelo

  • Reforma da Previdência não está na agenda do governo, reforça Tebet

  • Tebet: Isenção do IR deve ter compensação justa; não vejo alternativa fácil para o Congresso

Read more news on this topic:

Brazil Announces IOF Tax Relief on Credit, Private Pension, and Risk Operations, Alongside Investment Tax Reform Proposals

Brazil Considers Minimum Income Tax for High Earners to Fund IRPF Reduction, Aiming to Reduce Income Inequality

Brazil: Congress Debates Tax Alternatives Amidst IOF Increase Controversy, Exploring Cuts and Fiscal Adjustments

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