Brazil Daily

The tax reform knot in Brazil

Today, Brazil’s tax reform hopes go up in smoke. Former Health Minister evades inquiry deposition, fearing arrest. Nelson Teich next up in the Senate hearings committee.

Speaker makes U-turn on tax reform

Speaker Arthur Lira Tax reform
Speaker Arthur Lira put the breaks on the tax reform. Photo: Pablo Valadares/CD/ASC/CC BY 4.0

In our Q1 Report (available here), we said Brazil’s long-awaited tax reform was “unlikely to make any short-term progress during the pandemic.” Events on Tuesday proved us right and showed the massive challenges which face any consequential and effective reform, in a Congress marred by a lack of government guidance and during a political crisis.

Carnival is coming!

Enjoy any plan of your choice for US$1 for the first month