The government responds to the INSS fraud after a viral backlash, the STF prepares to rule on key tax cases, and Lula travels to Russia and China with a diplomatic agenda
The government reacted, albeit belatedly, and announced yesterday, May 8, a series of measures being taken to address the fraud at the National Social Security Institute (INSS) and to help beneficiaries recover the amounts that were unduly deducted. INSS President Gilberto Waller announced that 27 million beneficiaries were informed yesterday that they had no association-related deductions. Next week, the Federal Supreme Court (STF) has a full docket. It may rule on an appeal regarding the constitutionality of the CIDE (Contribution for Intervention in the Economic Domain) on remittances abroad. Another item is the applicability of PIS and COFINS on presumed ICMS credits. President Lula is currently in Russia. He will then travel to China, where he is expected to sign several agreements. He is scheduled to begin his return to Brazil next Wednesday.
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