Reported 1 day ago
The Brazilian government is set to support a bill that proposes a 10% reduction in federal tax breaks as an alternative to a controversial financial transaction tax increase. The legislation, introduced by lawmaker Mauro Benevides, outlines a 5% cut in tax benefits for 2025 and another 5% cut for 2026, excluding certain free trade zones and non-profit entities. Finance Minister Fernando Haddad indicated that these measures are vital for balancing public accounts and addressing the proposed tax hike.
Source: YAHOO