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Fundo de Garantia do Tempo de Serviço (FGTS) (English: Length-of-Service Guarantee Fund) [1] is a fund created to protect workers in Brazil dismissed without just cause.By opening an account linked to the employment contract, employers deposit in accounts opened at the Caixa Econômica Federal, at the beginning of each month and in the name of the employees, the amount corresponding to 8% of ...
Brazil has a number of different unemployment systems that could help those who have just lost their jobs. First, Brazil has a system called FGTS, Fundo de Garantia por Tempo de Serviço(Time of service guarantee fund), which enables a set of funds to be retrieved from companies and then given to Caixa Econômica Federal, [ 1 ] one of Brazil's ...
the Employment Guarantee Fund (FGTS), the main source of funds for Planasa; and; 27 state-owned water and sanitation companies (Companhias Estaduais de Saneamento Básico or CESBs). Planasa was the first federal government initiative in water and sanitation in Brazil. BNH managed the FGTS and, by extension, national urban development policy. [10]
By this move Brazil became the first country in the world to pass such a law. Suplicy had previously introduced a bill to create a negative income tax , but that bill failed to pass. The new bill called for a national and universal basic income to be instituted, beginning with those most in need.
The Consolidation of Labor Laws (Portuguese: Consolidação das Leis do Trabalho, CLT), officially Decree Law No. 5,452, is the decree which governs labor relations in Brazil. It was issued in 1943 by Getúlio Vargas, President of Brazil and was officially adopted on May 1, 1943. The Constitution allowed him to issue decrees to regulate all ...
The Brazilian Central Bank, responsible for the implementation of monetary policy in Brazil.. The Collor Plan (Portuguese: Plano Collor), is the name given to a collection of economic reforms and inflation-stabilization plans carried out in Brazil during the presidency of Fernando Collor de Mello, between 1990 and 1992.
The federative units of Brazil (Portuguese: unidades federativas do Brasil) are subnational entities with a certain degree of autonomy (self-government, self-regulation, and self-collection) and endowed with their own government and constitution, which together form the Federative Republic of Brazil.
The CPF number (Cadastro de Pessoas Físicas, ; Portuguese for "Natural Persons Register") is the Brazilian individual taxpayer registry, since its creation in 1965. [1] This number is attributed by the Brazilian Federal Revenue to Brazilians and resident aliens who, directly or indirectly, pay taxes in Brazil.