https://en.mercopress.com/2025/01/29/taxing-the-super-rich-pays-off-for-brazil-s-gov-t
Brazilian Finance Minister Fernando Haddad’s policy of taxing the “super rich” yielded unprecedented returns of R$ 20.6 billion (US$ 3.32 billion) to the South American country’s coffers in 2024, Federal Revenue Secretary Robinson Barreirinhas confirmed Tuesday. The strategy focuses on exclusive investment funds and offshore assets, it was explained.
Under the new scheme, previously untaxed exclusive funds now contributed R$ 13 billion (US$ 2.10 billion), while offshore investments added R$ 7.67 billion (US$ 1.24 billion), thus closing legal loopholes allowing the wealthy to dodge substantial contributions. “This is about justice,” Barreirinhas argued. According to Brazilian Government figures, the economy grew by around 3.5% last year.
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https://en.mercopress.com/2025/01/29/taxing-the-super-rich-pays-off-for-brazil-s-gov-t