RIO DE JANEIRO, BRAZIL - The vice president of Brazil’s lower house of Congress, Marcelo Ramos, said an income tax reform that introduces a 20% tax on company dividends is unlikely to pass because most Brazilians oppose it, especially businesses.
He lamented in an interview on Wednesday (18) that Brazil has abandoned its fiscal austerity policies due to President Jair Bolsonaro’s focus on increasing spending to win re-election next year.
“Everyone is against the bill. The airlines, agribusiness, industry, the financial market, civil construction. There is no way it can pass the Chamber,” he said. Ramos said it . . .
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