Finance Minister Fernando Haddad said Brazil will have the best tax system in the world, and cited the examples of the banking and electoral systems used in the country. He spoke at the meeting of the Sustainable Social Economic Development Council (CDDES), known as a council, on the morning of Tuesday (5).
“No wonder we have the best electoral system and the best banking system in the world. We will also have the best tax system,” said the minister. The council brings together the nucleus of the federal government with representatives of civil society to assist in the elaboration of public studies and policies.
After years of debate, the tax reform He was approved in Congress in December last year and sanctioned on January 16 this year. The law defines several points that needed regulation after the approval of the constitutional amendment that reformulated the tax system in the country.
According to him, the advice of the council collaborated for this. “There were 30 working groups for the regulation of tax reform and more than 32 working groups for the implementation of information technology reform. There were 200 representative entities of the economic sector dialoguing with these groups,” Haddad added, stating that Brazil “is too large to be a country’s colony.”
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United States
The speech of the Minister of Finance refers to the interference of the United States government in Brazil’s internal policy, as well as in the Supreme Federal Court (STF). Last month, President Donald Trump announced higher rates for products imported from Brazil as retaliation for the process of attempted coup d’état to which former President Jair Bolsonaro responds in court.
In practice, 50% rates for various Brazilian products unfeasible the commercialization of these products with the United States.
Partnerships and Support
FIESP President Josué Gomes also defended an environment with a better distributed and equanimous tax burden. “What to do in the face of such an unfair aggression?” He asked.
He argued that Brazil develop strategic partnerships “with all the corners of the planet”. It also defended more investments in the country. “Even US companies, which have always invested in Brazil,” he added.
Representing the Northeast Governors Consortium, Rafael Fonteles, from Piauí, expressed support to the federal government in the implementation of measures to mitigate the tariff. In particular, regarding its effects on employment level in the country.
“We will need emergency actions to support exporters,” he said when he defends credit to the most affected sectors; as well as government purchases, “he said.
“I think this is the way, including pushing (these actions) from the fiscal adjustment,” he added.
Fonteles also suggested that Brazil diminishes dependence on the US market. He asked for special attention from fruits, fish, sugar and northeastern producers.
