Haddad says taxing millionaires is one scenario to ease the internal rate of return by up to R$5,000.

Minister of Finance, Fernando Haddad (PT)He stated, Thursday (10), in a press conference, that imposing taxes on individuals who receive more than one million Brazilian reals annually is one of the scenarios presented by the President’s economic team. Luiz Inacio Lula da Silva (PT) To enable income tax (IR) exemption for those who earn up to R$5,000.

The correction in the IR table is one of the commitments made by Lula during the 2022 election campaign. The current exemption amounts to two minimum wages (equivalent to R $ 2,824).

According to a report published by the newspaper on Wednesday (9). Folha des PauloThe minimum tax on individual millionaires will be at a rate ranging between 12% or 15% of income. Haddad said in an interview with reporters outside the Ministry of Finance that the project is still in the discussion stage.

“[A tributação de milionários] It’s one of the scenarios. “But the standards are not completely in line with the ongoing training.”

“We are not under any pressure on this issue because there are some criteria that the president wants this measure to meet. The reform must be revenue-neutral,” Haddad explained.

He added: “There cannot be a loss in revenues and there cannot be a gain in revenues, in the sense of seeking, through reforming international relations, to solve a problem that is solved in another way, which is the deficit inherited from the previous government.”

According to Haddad, “If there is any increase in income, it is to compensate for some other relief measures.” The minister stressed that the reform is “neutral and must have some adherence to good international practices.”

We have presented the study to the President. There are four scenarios, and in each scenario, there are some exercises about the parameters of each scenario. The President evaluates each of these scenarios. Haddad explained: “There is no closed proposal yet.”

“As with consumption reform, we are trying to get close to the Organization for Economic Co-operation and Development (OECD) average. These are the criteria that the president asked to be taken into account before deciding which bill to send to Congress for its decision.”

No rush

Asked whether the government intends to refer the project to the National Conference later this year, Haddad said that the most important thing at this moment is to build a strong, feasible and technically well-supported proposal.

“We prefer to use the time in the best possible way for approval. We are not in a rush to send, we are in a hurry to approve. To get approval, you have to send a good text with good technical analyses,” he noted.

Haddad concluded his speech by saying: “Although we are not completely convinced of the proposal, it is under analysis, as the president follows our every move.”