Carnival time for Brazilian philanthropy | Datamonitor Financial

Carnival time for Brazilian philanthropy | Datamonitor Financial: Tax incentives for philanthropic activity offer deductible income tax allowances of 60-100% of donations to specified charitable projects managed by the Brazilian authorities. As such, philanthropy will become a key component in managing the income tax liability of Brazilian HNW individuals. Like many governments, Brazil has increased its focus on the taxation of its wealthiest citizens, and these HNW and ultra-high net worth (UHNW) individuals are searching for legitimate ways to reduce their obligations.