No menu items!

Brazilian Congress is only interested in 25% of the income tax reform this year

RIO DE JANEIRO, BRAZIL - Congress is willing to vote on 25% of the income tax reform draft submitted by the government. The other 75% is yet another of the Federal Treasury's constant attempts to increase its control over taxpayers, according to a spokesperson for Chamber of Deputies president Arthur Lira's liaison.

There is willingness to vote on changes in income tax for individuals and corporations, in addition to taxing dividends, provided there is no increase in the overall tax burden.

Upon hearing that Economy Minister Paulo Guedes would have a much bolder goal than this, the spoksperson recalled . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content