According to Marcos Pinto, simply creating a higher rate – greater than 27.5% – for income tax in Brazil ‘would not advance or solve the problem’ of tax collection ‘
The Secretary of Economic Reforms of the Marcos Pinto, said on the morning of Tuesday (20), that “it would be no use” to have only a higher rate for income tax in Brazil, greater than 27.5%, as there are in other countries such as England and the United States.
“The richest in Brazil are not salaried workers and benefit from incomes that are exempt incomes. So simply creating a larger range would not advance or solve the problem,” explained the secretary, during a public hearing on the Special Income Tax Commission.
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. In the House, the main point of debate among parliamentarians is compensation for the measure.
*With information from Estadão Content
