Israel and Syria agree to ceasefire, says U.S. ambassador to Türkiye
The U.S. ambassador to Türkiye says Israel and Syria have reached a ceasefire deal supported by Türkiye, Jordan, and regional actors after cross-bor...
Brazil’s government on Tuesday unveiled a long-promised income tax reform aimed at exempting individuals earning up to 5,000 reais (approximately $881) per month from paying income tax.
Finance Minister Fernando Haddad described the bill as "balanced" in fiscal terms and a step toward achieving tax justice.
Under the proposal, the revenue gap created by the tax exemption for low-income earners would be offset by imposing new levies on high earners, as well as on profits and dividends sent abroad. The reform is designed to relieve the tax burden on the country’s lower-income population while ensuring that wealthier individuals and corporations contribute a fair share.
President Luiz Inácio Lula da Silva's government has consistently emphasized the need for reforms that promote social equity and stimulate economic growth. This income tax reform is a central element of the administration’s broader fiscal agenda, aiming to foster a more just tax system while maintaining fiscal balance.
Haddad’s statement comes as part of ongoing efforts to modernize Brazil’s tax structure and reduce income inequality. If implemented, the reform is expected to boost disposable income for millions of low-income Brazilians, potentially stimulating domestic consumption, while also generating additional revenue from the nation’s wealthiest sectors to sustain government spending and public services.
The proposal now moves to the legislative stage, where it will face debate and scrutiny in Congress. Lawmakers and economists will weigh its potential to drive economic growth against concerns about its impact on investment and competitiveness.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Two Harry Potter actresses, Emma Watson and Zoe Wanamaker, have each received a six-month driving ban after separate speeding offences, both sentenced on the same day at a Buckinghamshire court.
North Korea has stopped foreign tourists from visiting its new Wonsan-Kalma resort just weeks after it welcomed the first Russian visitors.
U.S. President Donald Trump says Coca-Cola has agreed to use real cane sugar in the U.S., though the company has not confirmed the claim.
The U.S. ambassador to Türkiye says Israel and Syria have reached a ceasefire deal supported by Türkiye, Jordan, and regional actors after cross-border strikes this week heightened tensions.
The Trump administration has completed a controversial prisoner swap with Venezuela, returning around 250 deported Venezuelans in exchange for 10 American detainees.
Congo and the M23 rebel group have agreed on a declaration of principles after months of Qatar-mediated talks, aiming to end fighting in the country’s east.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment