Brazil’s PP Party Presents Plan for Income Tax Compensation (1)

(Updates with details in 5th bullet point. A previous version corrected information about limit in 4th bullet point.)

• Progressistas party, known as PP, presented this Thursday a new compensation proposal for the project that exempts from income tax the people who earn up to R$ 5,000 per month, with a progressive discount up to R$ 7,000
• PP is the party of Arthur Lira, who was appointed rapporteur of the proposal in the lower house
• PP proposals:
  • Expand the income bracket subject to additional taxation, with the possibility of raising the limit of R$ 50,000 per month to protect those who ...