Brazil raises minimum wage and lowers taxes on share earnings

Thursday, December 27th 2012 - 02:52 UTC

Full article 2 comments

Brazil's government announced on Monday it would raise the statutory monthly minimum wage by an above-inflation 9% to 678 Reais (330 US dollars) a month, a rise that comes at the end of a year of tepid economic growth. Read full article

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ChrisR
Mmmm paying themselves more than they are worth by the look of this data.

Road to perdition lies along here.

27.5% tax on share dividends is just guaranteed to stop people buying the shares in the first place. Most investors buy shares to gain a dividend / income better than other options whilst retaining a cushion against inflation. They can always go offshore when they are fed up of being milked.
Dec 27th, 2012 - 02:26 pm - Link - Report abuse 0
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British_Kirchnerist
I like it, cut taxes on the rich while simultaneously making them pay their workers more!
Dec 31st, 2012 - 12:52 pm - Link - Report abuse 0
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