There will be no capital escape with dividend taxation by 10%, says Haddad Secretary

The Secretary of Economic Reforms of the Ministry of Finance, Marcos Pinto, said on Tuesday (20) that can “ensure” that the taxation of remittances of dividends abroad, proposed by the government in income tax reform, will not generate escape from capital of Brazil.

At a public hearing at the Chamber of Deputies Commission dealing with the bill, Pinto argued that the government’s 10%collection is within the organization’s recommendation for Economic Cooperation and Development (OECD), from 5%to 15%.

Read too

Farm: Revision of the IR table would cost R $ 100 billion

According to the secretary, it is at this high cost to the budget that the government has opted for a renovation of IR with an exemption staircase

There is no point in increasing IR aliquot because rich do not pay, says secretary of the farm

Marcos Pinto’s hearing marks the beginning of the work of the collegiate who analyzes the bill that expands the exemption of income tax for those who earn more than $ 5,000