Workers' Party Files Bills to Tax Dividends and Large Fortunes

The Workers' Party caucus in the Chamber of Deputies has filed a package of four bills aimed at increasing the tax burden. The measures seek to tax profits and dividends distributed to individuals at a 15% rate. The current exemption for these earnings has been in effect since 1995.

The set of proposals includes the creation of a tax on large fortunes for net assets exceeding R$ 15 million. Rates would be progressive and range from 0.7% to 3%. The calculation considers the total value of assets and rights as of December 31 each year.

Another relevant point is a 7.5% tax on earnings from currently exempt bonds. The measure affects instruments such as Agribusiness Credit Letters and Real Estate Credit Letters. Furthermore, the text proposes raising the tax on Interest on Equity from 17.5% to 20%.

The projects emerge amid internal disagreements over the government's fiscal adjustment. Allied lawmakers defend the changes as a way to fund social policies and public investments. The debate occurs in parallel with discussions on spending cuts led by the Ministry of Planning.