RIO DE JANEIRO, BRAZIL - Ending rural exporters' exemption from social security taxes will allow the savings from the government's Social Welfare reform to remain above R$1 trillion (US$262 billion) over the next ten years.
According to the rapporteur of the bill in the Chamber of Deputies, Samuel Moreira, the tax impact will correspond to R$1.074 trillion (US$280 billion) in the period.
The estimate includes a reduction of R$933.9 billion (US$233 billion) in expenses and an increase of R$137.4 billion (US$34 billion) in revenues (due to higher taxes and . . .