Abstract:Purpose -The study investigates incentives in two types of private pension plans in Brazil: PGBL and VGBL. It identifies which one to choose to minimize income tax, considering both progressive and regressive forms of taxation.Theoretical framework -Based on Sutcliffe (2016), the individual decision-making process depends on the taxonomy of tax incentives (Disney & Whitehouse, 1999) and economic effects (Barr & Diamond, 2009;Armstrong, Davis, & Ebell, 2015).Design/methodology/approach -This study used an innov… Show more
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