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Interest

Income from savings can be coupled to the Selic

This article was translated by an automatic translation system, and was therefore not reviewed by people.

 


Technicians from the economic study that the new form of remuneration of savings they want to propose a rule by which the income will be approximately 65% of the interest rate benchmark interest rate, the Selic. The number is not closed, but the formula of pegging the interest savings is the basic finding more supporters in the technical area of the economic team, appointed by the coaches as a solution favorable to savers because, historically, the benefits of savings remained below that level. At the same time, the solution eliminates the problem of the economy have on the book a floor rate of interest.

The debate on the changes in saving face, however, a technical and political dilemma. On the one hand, President Luiz Inácio Lula da Silva has decided to protect the small saver. This line of action was repeated yesterday by Finance Minister Guido Mantega. "I can assure savers that are absolutely quiet, the government takes the savings of small savers. There will be no change involving any loss of small savers who are 95% of those who invest in savings. They continue to have the necessary return and complete assurance "said the minister. He added that there was no deadline for setting new rules for correction of savings.

On the other hand, there is a technical understanding that in a mature economy, there can be a minimum interest rate, which is currently 6% per annum and that refers specifically to the minimum wage set by law for savings. Without this change in the yield of the book, the Central Bank has limited action to a fall in the Selic rate and the real interest rate (adjusted for inflation), still one of the highest in the world. Because of the crisis, many countries started to practice interest rates close to zero. Currently, the gain of the books have already passed some of the funds consist of government securities, mainly because the savings is exempt from income tax (IR) and not other applications. Experts fear that if the concentration of investments in savings, the government has difficulty in rolling its outstanding debt securities.

In search of an understanding with the political area, the technicians also study the creation of the income groups, particularly those of smaller savers. Among the alternatives are studied for the full tax value, creating further barriers to higher value applications, and limitation of savings deposits in order to prevent a mass migration of resources from investment funds for the book. The information is the newspaper O Estado de S. Paul.



Source: State Agency

This article was translated by an automatic translation system, and was therefore not reviewed by people.

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