BRASILIA, May 5 (Reuters) - Brazil's Finance Minister
Fernando Haddad said on Friday the government "has everything"
to establish a successful thesis in a high-profile tax case in
the Supreme Court, potentially increasing revenues by nearly 90
billion reais ($18 billion) annually.
The case has already been ruled on by a lower court.
In an interview with CBN radio, Haddad stated that an income
tax reform should open room to increase the income tax exemption
for those earning up to 4,000 reais per month. He acknowledged
that raising the exemption to 5,000 reais as required by the
president would be challenging, but the economic team would make
every effort to achieve it.
($1 = 4.9842 reais)
(Reporting by Marcela Ayres; Editing by Toby Chopra)
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