Author:Pedro Carvalho Jr., Luana Passos
Economic Growth, Financial Policies

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Abstract: "Many discussions have taken place in Brazil about legislation pertaining to subparagraph VII of article 153 of the 1988 Federal Constitution—the regulation, through a Complementary Law, of the Tax on Large Fortunes (Imposto sobre Grandes Fortunas—IGF). In the current scenario, with the country facing a second consecutive annual decrease in tax revenue, the subject of the implementation of the IGF is gaining traction, with its proponents vehemently arguing that it can represent a balancing mechanism for a possible increase in the tax burden, so that this increased burden would not fall exclusively on the poorest population through indirect taxes". (...)

keywords: Tax, Large Fortunes, recent, international, debates, situation, Brazil
Date Publication: 03/09/2018 - 08:01
Type/Issue: One Pager / 378
ISSN: 2318-9118
Language: English