In a 6-4 vote, the Supreme Court decided that companies buying inputs produced in the Duty-Free Zone of Manaus are entitled to record credits on manufactured goods tax. The decision will lower federal revenue by BRL 10-16bn. With that money, it would be possible to increase the Bolsa Família cash-transfer program by 50%, or federal infrastructure investments by 60%.
The Duty-Free Zone of Manaus (the only one of its kind in Brazil) was created in 1967 by the military dictatorship to promote industrial development in the heart of the Amazon. Instead, it ends up fostering fiscal maneuvers. Many companies with complex production chains open up subsidiaries in Manaus to produce basic goods—and generate tax credits for the parent company, which is often located in a more developed area.
A federal court ended legal proceedings against Adelio Bispo, the man who stabbed Jair Bolsonaro in September 2018. The president hasn't appealed the sentence, which acquitted Bispo. He is considered mentally incapable and is committed to a psychiatric facility. https://t.co/JyRUbtjjxe
Pres. Bolsonaro announced that the Education Ministry ordered the cancelation of an entry exam reserved for trans and non-binary people to the Afro-Brazilian Lusophony University. The test would have taken place this week. The univ. was offering 120 places to qualifying students https://t.co/u0YpKEzfgf