PARTIES WITH CHAIRS IN THE GOVERNMENT OPTION TO HADDAD’s measures to raise taxes
Parties with ministries in the government of President Luiz Inacio Lula da Silva, PP and União Brasil will announce on Wednesday a position contrary to the increase in taxes, when the Ministry of Finance prepares Provisional Measure (MP) to replace the discharge of the Financial Operations Tax (IOF).
The two parties, which form a federation, will also charge spending cuts as a compensation.
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The demonstration will be made by the presidents of União Brasil and PP, Antonio Rueda and Senator Ciro Nogueira (PP-PI). Added, the captions have four ministries in the government of Luiz Inacio Lula da Silva.
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To replace the discharge from IOF, the government prepares a measure ends the exemption of income tax (IR) of encouraged securities, such as LCA and LCI, which, from next year, will be taxed by 5%. The government’s justification is that exempt titles distort the market. Thus, to compensate for this incentive, interest on other applications go up.
In addition, the MP adopts a 17.5% uniform rate for other investments in the financial market, including cryptocurrencies. Currently, taxation is regressive, from 22.5% to 15%, according to the time the appeal is applied.
