Brazil's Lula to continue tax reform but replace income tax bill if elected, says aide - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 11/08/2022 22:45:00
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Brazil’s former President Luiz Inacio Lula da Silva, if elected in October, will back a tax reform bill currently in the Senate that would unify federal taxes on consumption into one valued-added tax, a close aide told Reuters on Thursday.

FILE PHOTO: Former Brazilian President Luiz Inacio Lula da Silva gestures during an interview with Reuters in Sao Paulo, Brazil December 17, 2021. Picture taken December 17, 2021.FILE PHOTO: Former Brazilian President Luiz Inacio Lula da Silva gestures during an interview with Reuters in Sao Paulo, Brazil December 17, 2021. Picture taken December 17, 2021.

Lula has said on the campaign trail that the rich should pay more income tax and the poor less. He also advocates taxing dividends paid by companies. The PT is studying taxation of dividends over 1 million reais per year, and the reduction in payroll taxes paid by companies.

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