Brazilian government officials indicated last week that a ceiling may be applied to federal tax collections in the 2006 budget in an effort to reduce the country's tax burden as a share of its wealth.
Under the proposal, the central government's share of the tax haul would be limited to 16% of GDP. At present, the country's overall tax burden stands at more than 36%.
A federal 16% share, which was first reached in 2002, is considered by Finance Minister Antonio Palocci as an acceptable limit for taxpayers, Dow Jones has reported.
A move by the government to increase income tax on professionals in the service sector was recently rejected by Brazil's Congress.
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