Brazil's Haddad seeks to soothe market concerns over income tax reform
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.
Brazil’s Lula Seeks Income Tax Exemptions Along With Public Spending Cuts
Brazil President Luiz Inacio Lula da Silva has tacked on an income-tax relief measure to a long-awaited plan to cut government spending, heightening concerns about the budget deficit and sparking a selloff in the currency,
MNI BRIEF: Brazil Announces BRL70B In Spending Cuts
Brazilian Finance Minister Fernando Haddad on Wednesday announced BRL 70 billion of spending cuts over the next two years, the kind of move some investors expected to head off the risk of higher inflation and interest rates due to other expansionary fiscal policies.
Brazil proposes income tax reform, frustrating investors focused on spending cuts
Brazilian Finance Minister Fernando Haddad will make a televised address to the nation at 8:30 pm (2330 GMT) local time on Wednesday, the ministry said, adding he will talk about "efficient government".
Brazil President Lula Cuts Spending by $12 Billion as Investor Concerns Soar
Brazil Finance Minister Fernando Haddad unveiled a long-sought plan to cut 70 billion reais ($11.8 billion) from public spending through 2026 as investors’ fiscal concerns sink assets from the currency to stocks.
Brazil’s Real Drops to All-Time Low as Spending Cuts Fall Flat
The Brazilian real dropped to an all-time low as the government’s proposed measures to cut $12 billion in spending underwhelmed investors.
Lula Agrees to Cut Spending by $12 Billion in Nod to Markets
Brazil Finance Minister Fernando Haddad has unveiled a long-sought plan to cut 70 billion reais ($11.8 billion) from public ...
Lula's Government to Propose a Minimum Tax Rate of Up to 10% for Those Earning Over $8,300 per Month
Measure Will Include Income Tax Exemption for Earnings Up to $835, Effectively Benefiting Those Earning Up to $1,200 ...
Brazil government will be ready to announce fiscal package this week, says finance minister
Brazilian Finance Minister Fernando Haddad said a fiscal package with spending cut measures was finalized in a meeting with ...
Brazil Reins In Public Spending By $12 Bn For 2025/26
Brazil on Wednesday announced a downward adjustment of nearly $12 billion in public spending for 2025 and 2026, a measure aimed at calming market jitters about the fiscal discipline of Latin America's ...
Lula busca isenção de IR junto com cortes de gastos, dizem fontes
O presidente Luiz Inácio Lula da Silva decidiu apresentar um plano de correção da tabela do Imposto de Renda juntamente com ...
Brazil’s financial markets experience volatility amid tax exemption speculations
On Wednesday, November 27, 2024, Brazil’s financial markets experienced significant volatility, marked by a sharp decline in ...