Brazil
Politics - Brazil
Lula’s new fiscal framework is turning into a tax monster
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April 4, 2023
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1 min read
By Gianlucca Gattai
Brazilian Minister of Finance, Fernando Haddad, said he needs to increase government revenue by R$110 billion (US$21.7) and R$150 billion (US$29.6 billion) to make the goals in the proposed fiscal framework feasible.
The statement was made this Monday (03) in an interview with the news channel GloboNews.
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Browse the directory →According to him, to this end, the Lula government will initially present three measures to increase tax collection:
- Taxation of electronic betting: goal to raise R$12 billion to R$15 billion per year;
- Taxing e-commerces that evade the IRS rules, not paying taxes. He did not cite the expected value of tax collection with this measure.
- Not allowing the subsidy to states for investment to be equated with the funding, which could yield R$85 billion to R$90 billion.
“Between R$110 billion and R$150 billion, you zero out the deficit next year,” said the Finance Minister.
With information from Gazeta Brasil
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