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Fundo De Garantia Do Tempo De Serviço
The Fundo de Garantia do Tempo de Serviço (FGTS) () is a federal social insurance program in Brazil that protects workers dismissed without just cause. At the beginning of every month, employers contribute a percentage of the employee's salary, usually 8%, into a banking account registered at the Caixa Econômica Federal. For apprenticeships, the percentage is reduced to 2%, and in the case of domestic workers, it rises to 11.2%. The fund was created on September 13, 1966 by the then-President Castelo Branco during the period of the military dictatorship in Brazil. Its creation was part of a series of institutional reforms and economic adjustments enacted after the 1964 Brazilian coup d'état, and it has since been amended several times. History Until the creation of the FGTS, the so-called "ten-year stability" (''estabilidade decenal'') was the only protection workers had against being fired without just cause. After acquiring this "stability," the employee's contract coul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Insurance
Social insurance is a form of Social protection, social welfare that provides insurance against economic risks. The insurance may be provided publicly or through the subsidizing of private insurance. In contrast to other forms of Welfare spending, social assistance, individuals' claims are partly dependent on their contributions, which can be considered insurance premiums to create a common fund out of which the individuals are then paid benefits in the future. Types of social insurance include: * Universal health care, Public health insurance * Social Security (United States), Social Security * Unemployment Insurance, Public Unemployment Insurance * Public auto insurance * Parental leave, Universal parental leave Features * The contributions of individuals is nominal and never goes beyond what they can afford * the Social welfare, benefits, eligibility requirements and other aspects of the program are defined by statute; * explicit provision is made to account for the incom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yield (finance)
In finance, the yield on a security is a measure of the ex-ante return to a holder of the security. It is one component of return on an investment, the other component being the change in the market price of the security. It is a measure applied to fixed income securities, common stocks, preferred stocks, convertible stocks and bonds, annuities and real estate investments. There are various types of yield, and the method of calculation depends on the particular type of yield and the type of security. Fixed income securities The coupon rate (or nominal rate) on a fixed income security is the interest that the issuer agrees to pay to the security holder each year, expressed as a percentage of the security's principal amount (par value). The current yield is the ratio of the annual interest (coupon) payment and the bond's market price. The yield to maturity is an estimate of the total rate of return anticipated to be earned by an investor who buys a bond at a given market p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Labour And Employment (Brazil) ...
The Ministry of Labour and Employment (, abbreviated MTE) is a cabinet-level federal ministry in Brazil. The current Minister of Labour is Luiz Marinho. List of ministers See also * Other ministries of Labour * Other ministries of Employment References External links * {{authority control Labour and Employment Brazil Brazil Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Audit
In the United States, an income tax audit is the examination of a business or individual tax return by the Internal Revenue Service (IRS) or state tax authority. The IRS and various state revenue departments use the terms audit, examination, review, and notice to describe various aspects of enforcement and administration of the tax laws. The IRS enforces the U.S. Federal tax law primarily through the examination of tax returns that have the highest potential for noncompliance. According to the IRS, " is identification is determined using risk-based scoring mechanisms, data driven algorithms, third party information, whistleblowers and information provided by the taxpayer. The objective of an examination is to determine if income, expenses and credits are being reported accurately." Audit process Selection process Generally, the IRS will contact a taxpayer who has been selected for audit by mail, rather than initiating an audit by phone call or in person. Providing document ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Procurement
Government procurement or public procurement is the purchase of goods, works (construction) or services by the state, such as by a government agency or a state-owned enterprise. In 2019, public procurement accounted for approximately 12% of GDP in OECD countries. In 2021 the World Bank Group estimated that public procurement made up about 15% of global GDP. Therefore, government procurement accounts for a substantial part of the global economy. Public procurement is based on the idea that governments should direct their society while giving the private sector the freedom to decide the best practices to produce the desired goods and services. One benefit of public procurement is its ability to cultivate innovation and economic growth. The public sector picks the most capable nonprofit or for-profit organizations available to issue the desired good or service to the taxpayers. This produces competition within the private sector to gain these contracts that then reward the organizat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Insurance
Social insurance is a form of Social protection, social welfare that provides insurance against economic risks. The insurance may be provided publicly or through the subsidizing of private insurance. In contrast to other forms of Welfare spending, social assistance, individuals' claims are partly dependent on their contributions, which can be considered insurance premiums to create a common fund out of which the individuals are then paid benefits in the future. Types of social insurance include: * Universal health care, Public health insurance * Social Security (United States), Social Security * Unemployment Insurance, Public Unemployment Insurance * Public auto insurance * Parental leave, Universal parental leave Features * The contributions of individuals is nominal and never goes beyond what they can afford * the Social welfare, benefits, eligibility requirements and other aspects of the program are defined by statute; * explicit provision is made to account for the incom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michel Temer
Michel Miguel Elias Temer Lulia (; born 23 September 1940) is a Brazilian politician, lawyer and writer who served as the 37th president of Brazil from 31 August 2016 to 1 January 2019. He took office after the Impeachment of Dilma Rousseff, impeachment and removal from office of his predecessor Dilma Rousseff. He had been the 24th Vice President of Brazil, vice president since 2011 and acting president since 12 May 2016, when Rousseff's powers and duties were suspended pending an impeachment trial. The Senate's 61–20 vote on 31 August 2016 to remove Rousseff from office meant that Temer succeeded her and served out the remainder of her second term. In his first speech in office, Temer called for a government of "national salvation" and asked for the trust of the Brazilian people. He also signaled his intention to overhaul the pension system and labor laws, and to curb public spending. A 2017 poll showed that Temer's administration had 7% popular approval, with 76% of responden ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Organization
Consumer organizations are advocacy groups that seek to protect people from corporate abuse like unsafe products, predatory lending, false advertising, astroturfing and pollution. Consumer Organizations may operate via protests, litigation, Advertising campaign, campaigning, or lobbying. They may engage in single-issue advocacy (e.g., the United Kingdom, British Campaign for Real Ale (CAMRA), which campaigned against keg beer and for cask ale) or they may set themselves up as more general consumer List of consumer organizations, watchdogs, such as the Which?, Consumers' Association in the UK. One common means of providing consumers useful information is the independent comparative survey or test of products or services, involving different manufacturers or companies (e.g., ''Which?'', ''Consumer Reports'', etc.). Another arena where consumer organizations have operated is food safety. The needs for campaigning in this area are less easy to reconcile with their traditional methods ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of The Economy (Brazil)
The Ministry of Finance () was created in 1808 with the title ''Secretaria de Estado dos Negócios do Brasil e da Fazenda''. The ministry is responsible for formulating and implementing the country's economic, fiscal and financial policy under the President's supervision. As of January 1, 2023, Fernando Haddad is the Minister of Finance. See also *List of ministers of finance of Brazil References External links * Brasil Economy An economy is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services. In general, it is ... Brazil, Economy {{Brazil-gov-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grupo Globo
Grupo Globo (), formerly and still legally known as Organizações Globo (), is a Brazilian privately held company, private entertainment and mass media conglomerate (company), conglomerate based in Rio de Janeiro, Brazil. Founded in 1925 by Irineu Marinho, it is the largest media group in Latin America, and one of the world's largest media conglomerates. Grupo Globo's assets comprises of over-the-air broadcasting, television and film production, pay television subscription service, streaming media, publishing, and online services. Its main properties include media company , consiting of the flagship television network TV Globo; the streaming service Globoplay, pay television content unit Canais Globo, consisting of cable television networks such as GloboNews, GNT, Multishow, SporTV, Viva (Brazilian TV channel), Viva, Gloob, and the premium film network Rede Telecine, Telecine; film production company Globo Filmes; radio operator Sistema Globo de Rádio and magazine and newspa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
G1 (website)
G1, stylized as g1, is a Brazilian news portal maintained by Grupo Globo and under the guidance of Central Globo de Jornalismo. It was released on 18 September 2006, the same date as Rede Globo's anniversary. The portal provides journalistic content from various companies of Grupo Globo – TV Globo, Globo News, Radios CBN and Globo, the newspapers O Globo, Extra, Expresso and Valor Econômico, Época and Globo Rural magazines, among others – besides its own reports in the form of text, photographs, audio and video. In addition to five editorial offices in Rio de Janeiro, São Paulo, Brasília, Belo Horizonte and Recife, affiliates of Rede Globo, newspapers, magazines, radio stations and news agencies Agência Estado, Agence France Presse, Associated Press, EFE, The New York Times ''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and pub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Profit Sharing
Profit sharing refers to various incentive plans introduced by businesses which provide direct or indirect payments to employees, often depending on the company's profitability, employees' regular salaries, and bonuses. In publicly traded companies, these plans typically amount to allocation of shares to employees. The profit sharing plans are based on predetermined economic sharing rules that define the split of gains between the company as a principal and the employee as an agent.Moffatt, Mike. (2008) About.com Sharing Rule'' Economics Glossary; Terms Beginning with S. Accessed June 19, 2008. For example, suppose the profits are x, which might be a random variable. Before knowing the profits, the principal and agent might agree on a sharing rule s(x). Here, the agent will receive s(x) and the principal will receive the residual gain x-s(x). Profit-sharing tends to lead to less conflict and more cooperation between labor and their employers. History American politician A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
