Services

NEWS FLASH

UPCOMING WEBINAR - CAUCASUS AND CENTRAL ASIA: ECONOMIC UPSWINGS AND POL...

Learn More

COUNTRY INSIGHTS

Guedes conditions income tax exemptions upon the creation of new taxes
BRAZIL POLITICS · Report · 29 Jul 2020

After a meeting today at the Planalto Palace, Economy Minister Paulo Guedes indicated that an expansion of the range of people exempt from Income Tax (IR) will only be possible after the creation of a new tax to expand the government´s revenue base. The expansion of the tax base designed by the ...

The rate of unemployment is worrying, and the government is preparing measures
BRAZIL POLITICS · Report · 28 Jul 2020

Data released today by the Ministry of the Economy, through the General Registry of Employed and Unemployed Workers (Caged), points out that the economy lost 1.19 million formal jobs in the first half of 2020. According to Bruno Bianco, Special Secretary for Social Security and Labor at the Mini...

The MDB and DEM leave the Centrão
BRAZIL POLITICS · Report · 27 Jul 2020

Today, the MDB and DEM parties announced their departure from the Centrão, a group made up of the PL, PP, PSD, SD, PROS, PTB and Avante. The Centrão is the largest group of parties in the Lower House and is led by Deputy Arthur Lira (PP-AL), considered an informal leader of the Jair Bolsonaro gov...

Bolsonaro regains popularity and other weekly topics
BRAZIL POLITICS · Report · 27 Jul 2020

Discussions resume on Tax Reform in the Joint Congressional Committee. The agenda in the Senate is focused on provisional measures. The Lower House may vote on aid to companies in the public transportation sector. Two important laws will be sanctioned by President Bolsonaro: 1) the law that chang...

A loss for Bolsonarismo
BRAZIL POLITICS · Report · 25 Jul 2020

President Jair Bolsonaro’s allies had their Twitter accounts deleted yesterday by decision of Supreme Court (STF) Minister Alexandre de Moraes. Bolsonaro’s allies are targets of investigations for allegedly spreading fake news. It is important to note that they were the targets of a search and se...

Congress finds the government’s Tax Reform proposal limited in scope
BRAZIL POLITICS · Report · 22 Jul 2020

The Minister of the Economy, Paulo Guedes, submitted the government’s Tax Reform proposal to Congress yesterday. According to media reports, legislators support more ambitious measures and consider the proposal limited in scope. Despite the reactions of some congressmen, the submission of the...

Details of the Tax Reform proposal finally delivered to Congress
BRAZIL POLITICS · Report · 22 Jul 2020

The government sent the first Tax Reform proposal to Congress yesterday, July 21. This first phase includes the unification of the PIS and Cofins taxes, creating the Social Contribution on Operations with Goods and Services – CBS. The second phase includes changes to the income tax for individual...

The government´s Tax Reform proposal reaches Congress
BRAZIL POLITICS · Report · 21 Jul 2020

The Minister of the Economy, Paulo Guedes, submitted the government’s Tax Reform proposal to the National Congress. The bill was sent to the president of the Senate, Davi Alcolumbre (DEM-AP). The first stage of analysis will deal only with the unification of the PIS and Cofins taxes. Thus, more c...

Improvement in the government’s popularity to help the reform agenda
BRAZIL POLITICS · Report · 20 Jul 2020

The new XP/Ipespe poll, published today and carried out from July 13-15, shows an improvement in the popularity of President Jair Bolsonaro. Although the government’s negative (bad/very bad) rating is 45%, there is a clear downward trend. In the last two months, the negative index has fallen by 5...

Tax Reform: Will it happen now? and other weekly topics
BRAZIL POLITICS · Report · 20 Jul 2020

The main topic of the week is Tax Reform, the first phase of which will be delivered to the Congress by the government on Tuesday. The proposal unifies the PIS and Cofins taxes. The Lower House will function only​ on Monday and Tuesday, and may vote on the constitutional amendment that extends th...

Debate on taxing electronic transactions shows signs of resistance
BRAZIL POLITICS · Report · 17 Jul 2020

The initial debate on some items of tax reform, such as taxation on electronic transactions, defended by the economic team, already shows the first signs of resistance in the debate. Today, in an interview with “Rádio Gaúcha”, Vice President Hamilton Mourão said that he considers a new tax on ...

Reform agenda sees important progress
BRAZIL POLITICS · Report · 16 Jul 2020 · 1 response

According to media reports, the Minister of Communications, Fabio Faria (PSD-RN), held a meeting last night, July 15, with the Minister of the Economy, Paulo Guedes, and the President of the Lower House, Rodrigo Maia (DEM-RJ). The meeting was held at Faria’s residence, indicating a rapprochement ...

Bolsonaro sanctions new sanitation framework with vetoes
BRAZIL POLITICS · Report · 15 Jul 2020

President Jair Bolsonaro sanctioned today, with vetoes, the new legal framework for basic sanitation. There were 11 vetoes made to the text approved by the National Congress. The new law aims to expand the presence of the private sector in the sector. According to Minister of the Economy Paulo Gu...

A new chapter in the conflict between the Supreme Court and the military
BRAZIL POLITICS · Report · 14 Jul 2020

The conflict between Minister of the Supreme Federal Court (STF) Gilmar Mendes and the military continues to resonate in Brasília (DF). After the statement made yesterday by the Ministry of Defense that it will sue Gilmar at the Attorney General’s Office (PGR) because the minister associated the ...

New tension between the STF and the military
BRAZIL POLITICS · Report · 13 Jul 2020

​After a period of less tension between the Supreme Federal Court (STF) and the military, an event that occurred last weekend could bring new developments. When participating in a live stream last Saturday, STF minister Gilmar Mendes said that the Army was associated with “genocide” in referen...

Copyright 2024 GlobalSource Partners. All rights reserved.