Brazil's Haddad seeks to soothe market concerns over income tax reform

Show Business and Finance Publications

Fri, November 29, 2024

[ Fri, Nov 29th 2024 ]: Bill Williamson

CreditAccess Grameen raises approx Rs 390 crore in co-financing from DEG and Citi

[ Fri, Nov 29th 2024 ]: Bill Williamson

EPFO's Central Board of Trustees to meet on Novem .. veral investment related decisions to be taken up

[ Fri, Nov 29th 2024 ]: Bill Williamson

ERP vs CRM: Understanding the Key Differences

[ Fri, Nov 29th 2024 ]: Bill Williamson

I put my dreams on hold for a stable career in fi .. 6-figure salary to move to Hawaii and start over.

[ Fri, Nov 29th 2024 ]: Bill Williamson

Zenith Bank Expands Global Footprints With Paris Branch Launch

[ Fri, Nov 29th 2024 ]: Bill Williamson

CreditAccess Grameen enters into co-financing arrangement with DEG and Citi

[ Fri, Nov 29th 2024 ]: Bill Williamson

ESAF Small Finance Bank facing significant asset quality stress, mainly in Tamil Nadu and Kerala

[ Fri, Nov 29th 2024 ]: Bill Williamson

Lombard Odier indicted in Switzerland over money laundering

[ Fri, Nov 29th 2024 ]: Bill Williamson

Dos and don'ts of borrowing from lending apps: Tips for safe and smart borrowing

[ Fri, Nov 29th 2024 ]: Bill Williamson

Finance adviser calls for inclusive public financial management reform

[ Fri, Nov 29th 2024 ]: Bill Williamson

Traffic management firm secures asset finance backing to fuel growth

[ Fri, Nov 29th 2024 ]: Bill Williamson

Nisus Finance Services SME IPO: Issue opens on December 4; check key details

[ Fri, Nov 29th 2024 ]: Bill Williamson

BoE finds potential vulnerabilities in financial market plumbing

[ Fri, Nov 29th 2024 ]: Bill Williamson

Why Trump could be good for South Africa

[ Fri, Nov 29th 2024 ]: Bill Williamson

Bank of England finds some vulnerabilities in probe of central counterparties

[ Fri, Nov 29th 2024 ]: Bill Williamson

RIL gains 2% as US based arm picks 21% stake in Wavetech Helium

[ Fri, Nov 29th 2024 ]: Bill Williamson

UBA to begin full banking operations in France

[ Fri, Nov 29th 2024 ]: Bill Williamson

The films, shows, and books Wall Streeters think best illustrate their work lives

[ Fri, Nov 29th 2024 ]: Bill Williamson

IIFL Finance to raise upto Rs 500 cr via NCDs

[ Fri, Nov 29th 2024 ]: Bill Williamson

Istanbul Metropolitan Municipality to hold investor meets in UAE and Doha

[ Fri, Nov 29th 2024 ]: Bill Williamson

Players and powerhouses shaping Africa's VC landscape

[ Fri, Nov 29th 2024 ]: Bill Williamson

Otley Girlguiding unit receives grant from Skipton firm

[ Fri, Nov 29th 2024 ]: Bill Williamson

Exclusive: HSBC pulling back from China credit ca .. business after struggling to expand, sources say

[ Fri, Nov 29th 2024 ]: Bill Williamson

Reliance subsidiary acquires 21% stake in US helium gas exploration, production company

Thu, November 28, 2024

[ Thu, Nov 28th 2024 ]: Bill Williamson

AU Small Finance Bank enters into bancassurance partnership with Bharti AXA Life Insurance

[ Thu, Nov 28th 2024 ]: Bill Williamson

1,500 Kerala govt staff found drawing pensions meant for the poor and old

[ Thu, Nov 28th 2024 ]: Bill Williamson

Finance App Benchmarks (2024)

[ Thu, Nov 28th 2024 ]: Bill Williamson

UK budget shows government doesn't understand business, says retail veteran

[ Thu, Nov 28th 2024 ]: Bill Williamson

AU Small Finance Bank join hands with Bharti AXA Life Insurance

[ Thu, Nov 28th 2024 ]: Bill Williamson

True cost of Rachel Reeves' farmer tax laid bare - and exact number of businesses impacted

[ Thu, Nov 28th 2024 ]: Bill Williamson

The travel bug is mutating: Event-driven gig journeys are the new thing

[ Thu, Nov 28th 2024 ]: Bill Williamson

Best Day Trading Courses of 2024: Guide for Active Traders

[ Thu, Nov 28th 2024 ]: Bill Williamson

Single table to know home loan rates and terms of various companies

[ Thu, Nov 28th 2024 ]: Bill Williamson

GST, 45-day payment, credit, EoDB, more: Assocham .. OW study suggests changes to overhaul MSME sector

[ Thu, Nov 28th 2024 ]: Bill Williamson

Magnati partners with Aafaq Islamic Finance to support SMEs with embedded financial solutions

[ Thu, Nov 28th 2024 ]: Bill Williamson

Best Investing Books of 2024: Guide to Trading

[ Thu, Nov 28th 2024 ]: Bill Williamson

Mexico warns Trump tariffs would kill 400,000 US jobs, threatens retaliation

[ Thu, Nov 28th 2024 ]: Bill Williamson

COP29: Why Leaders of Poor Countries Walked Out of Climate Change Conference

[ Thu, Nov 28th 2024 ]: Bill Williamson

Insurance regulator concerned on business concent .. om banks; may ask insurers to reduce banks' share

[ Thu, Nov 28th 2024 ]: Bill Williamson

Ujjivan Small Fin up 9% on selling stressed loan portfolio worth Rs 270 cr

[ Thu, Nov 28th 2024 ]: Bill Williamson

Standard Chartered CEO: US tariffs will be disruptive, but 'markets will equilibrate'

[ Thu, Nov 28th 2024 ]: Bill Williamson

Has China Become the New Japan and Japan the New China?

[ Thu, Nov 28th 2024 ]: Bill Williamson

HC notice to Delhi Govt on PIL seeking to implement Ayushman Bharat plan

[ Thu, Nov 28th 2024 ]: Bill Williamson

Finance ministry weighs removing windfall tax amid falling crude prices

[ Thu, Nov 28th 2024 ]: Bill Williamson

Major marketers halt petrol import, lift 148 million litres from Dangote Refinery

[ Thu, Nov 28th 2024 ]: Bill Williamson

UM Health to shut down insurance plan that came with Sparrow acquisition

[ Thu, Nov 28th 2024 ]: Bill Williamson

New Orleans business owners bond out several low-level offenders before Thanksgiving

[ Thu, Nov 28th 2024 ]: Bill Williamson

Blackstone: Extreme Bubble Valuation

Brazil's Haddad seeks to soothe market concerns over income tax reform

//business-finance.news-articles.net/content/202 .. othe-market-concerns-over-income-tax-reform.html

Published in Business and Finance on Thursday, November 28th 2024 at 15:34 GMT by Bill Williamson
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Brazil's Finance Minister Fernando Haddad on Thursday sought to calm the market following a meltdown over the announcement of a reform that would increase income tax exemptions, emphasizing that the measures would be fiscally neutral and take effect only in 2026 after Congress approval.

Brazilian Finance Minister Fernando Haddad announced on November 28, 2024, that the proposed income tax reform, which aims to tax the wealthiest individuals, will be revenue-neutral and is expected to take effect in 2026. The reform includes a new taxation model for high-income earners, with rates starting at 22.5% for those earning over 4,000 reais monthly, escalating to 35% for incomes above 10,000 reais. Haddad emphasized that the reform would not increase the overall tax burden but would redistribute the tax load more equitably. He also mentioned that the government plans to compensate for any potential revenue shortfalls by adjusting other tax policies, ensuring the reform's neutrality. Additionally, the minister highlighted the importance of this reform in addressing social inequalities and improving the efficiency of Brazil's tax system.

Read the Full Reuters Article at [ https://www.reuters.com/world/americas/brazils-haddad-says-income-tax-reform-be-neutral-take-effect-2026-2024-11-28/ ]