The Federal Government through the Greater Brazil Plan instituted to change the basis for calculating social security contributions levied on the payroll, the so-called social welfare contribution, in order to reduce the ...

The Payroll Loan is a relatively recent type of loan in the Brazilian credit market, and therefore the mechanisms of its concession and its effects on the default rate of individual clients are still rather unknown. In ...

Social security contributions (SSCs) are typically formally split between employers and employees as payroll taxes, levied on earnings at a constant tax rate that applies only up to a ceiling, above which the marginal tax ...

In 2012, the Colombian Government reduced employer payroll contributions from 29.5 to 16.0 percent. Two years later, the informality rate had diminished by about 4.0 per-centage points. This ...