The Movimento Bem Maior was highlighted in Folha de S.Paulo in an article that addresses the rate of the state tax on inheritances and donations , the ITCMD (Cause of Mortis and Donation Transmission Tax). The discussion revolves around the possibility of increasing this rate to align Brazil with international standards and, thus, favor donations to Civil Society Organizations (CSOs) .
We commissioned a study from SBSA Advogados, which presents a comparative picture of inheritance taxation around the world. Brazil, with a rate between 1% and 8%, is considered low tax compared to other countries, such as the United States, where the rate can reach 40%.
Our director of Operations and Institutional Relations, Richard AC Sippli, highlighted that this low taxation on inheritances in Brazil could be an obstacle to philanthropy, while an increase in the ITCMD rate could encourage more donations to social causes. According to Eduardo Szazi, the lawyer responsible for the study, tax reform proposals can align the country with global standards, resulting in growth in state revenues and promoting positive impacts on social and environmental policies.
Read the full article in Folha de S.Paulo
The survey data also served as input for Eduardo Cucolo's column, also in Folha de S.Paulo, which explains the subject. Read also: Change in inheritance tax could encourage donations .
The objective of the study requested by Movimento Bem Maior from the firm Szazi, Bechara, Storto, Reicher and Figueirêdo Lopes Advogados was to outline an international overview of inheritance taxation and tax incentives for philanthropic donations. The study analyzed the policies of several countries, such as Brazil, USA, Canada, Germany and others, dividing the analysis between the point of view of donors and philanthropic organizations.
Access the complete study “ Inheritance taxation and tax incentives for philanthropic donations Knowledge/Studies and Documents section on our website.
