IMF Rejects Pakistan's Tax Relief Measures; German Coalition Considers Aviation Tax Cuts; Brazil Studies Minimum Income Tax Impact

The IMF has reportedly blocked Pakistan's proposed electricity tariff cut and withholding tax reduction on property transactions, measures intended to stimulate growth. Meanwhile, in Germany, coalition negotiations are considering reversing the 2024 aviation tax increase and eliminating the EU-exceeding e-kerosene quota. The aviation sector cites high location costs compared to other European countries. In Brazil, a study suggests a proposed minimum income tax to offset exemptions for those earning up to R$ 7,000 would primarily affect individuals with annual incomes exceeding R$ 1 million. This could generate over R$ 10 billion, potentially directed towards reducing consumption taxes.