Brazil Daily

An income tax reform which pleases no one

Good morning! The tax reform progresses in Congress, but at what cost? September 7 protests are seen as a do-or-die moment for the government. New jobs, but stagnant wages.

The House’s tax reform will shrink public revenue

House Speaker Arthur Lira in a meeting with party leaders before the income tax reform vote.
House Speaker Arthur Lira in a meeting with party leaders before the income tax reform vote. Photo: Michel Jesus/CD/CC-BY 4.0

Brazil’s House has sent the income tax reform proposal to the Senate, after analyzing all amendment requests. The bill — hastily discussed and approved by the lower house — has been bashed by productive sectors and tax experts alike for not correcting the system’s existing distortions (even enhancing some of them), as well as reducing tax revenue for governments which are already strapped...

Carnival is coming!

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