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Brazil Reaches Agreement on Payroll Tax Relief for Key Sectors
Minister Fernando Haddad and Senate President Rodrigo Pacheco agreed to continue payroll tax relief for 17 economic sectors. Their agreement prevents immediate tax collection and phases in changes from next year until 2028. Companies will only face payroll taxes on the 13th salary in the final year. A recent Supreme Court decision temporarily suspended the […]
Crypto Millionaires on the Rise in 2023
In 2023, there has been a sharp 237% increase in cryptocurrency millionaires, with BitInfoCharts data showing a significant rise in wallets holding over $1 million. This surge aligns with the overall growth in the crypto market. Bitcoin, for instance, gained 7.5% in value in November after a 28% increase in October. Bitcoin’s price soared above […]
Musk and Moraes Clash Highlights Brazilian Political Divide
(Analyse) The recent clash between Elon Musk and STF Justice Alexandre de Moraes highlights Brazil’s deep political divide. It particularly illuminates the tension between Senate President Rodrigo Pacheco and Chamber President Arthur Lira. Pacheco’s call for tighter control on social media to stop unrestricted online behavior has brought attention to the Chamber’s inaction. As elections […]