Lula seeks to protect high limit savings
This article was translated by an automatic translation system, and was therefore not reviewed by people.
President Luiz Inácio Lula da Silva has intervened in the economic debate about what to do with the savings account and demanded a political solution to the dilemma that divided his team at the Ministry of Finance. According to advisers close to President Lula has expressly determined that "savers are protected and limit previously thought to distinguish" savers "and" investors "- between $ 5K and $ 20 thousand - to be revised upwards.
"The cut is high," warned a source at the Planalto Palace, adding that perhaps the current deposits of the savings continue to be corrected by the current rules to avoid possible legal challenges, and political attrition.
The controversy over saving is old, but has intensified recently because of the drop in the benchmark interest rate, the Selic, which approximates the income from fixed income funds offered by banks of income from savings. Currently, the savings are corrected by a constant rate of 6.16% per year plus the change in the reference rate (TR), which represents just over 7%. This percentage is lower than the current rate target (10.25%), but as normal investments (linked to interest) are taxed at up to 22.5% in the short term, the savings are exempt.
To deal with this problem, sectors of the economic team and the Central Bank floated out to take a final, tying the savings income to a percentage of the maximum rate, as 65%. If applied today, this rule would reduce sharply the income from savings of 7.2% to 6.6% per year, with a decreasing trend, in that the interest rate further reduced. In this alternative, there would be - in principle - the legal way to distinguish savers in groups, broken down by income range of application. The only way to distinguish savers to investors is through the income tax levied on income.
Source: State Agency
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Important:
The JurisWay site does not interfere in the work provided by doctrine, why only reflect the opinions, ideas and concepts of their authors.
