In 2017, India introduced a tax reform with the slogan “One Nation, One Tax.” This reform is a significant reference point for Brazil, given similarities such as being a developing nation and having a non-unified tax system. Six years post-reform, India saw an increase in revenue, mainly due to their vast informal economy, and a […]
Related Posts
Ibovespa’s Decline Amidst Rising Dollar
This Tuesday morning, the Ibovespa index of the Brazilian Stock Exchange fell 0.59% to 131,515 points by 10:46 AM Brasília time. Concurrently, the U.S. dollar gained, trading at R$ 4.89, an increase of 0.41%. With a quiet day ahead, investors’ attention turned to potential shifts in U.S. interest rates. These anticipated changes impact Brazilian assets, […]
Brazil Sees Drop in Tax Revenue for November
In November, Brazil experienced a decrease in federal tax collection, totaling R$ 172.038 billion ($35.1 billion). This represents a 0.39% drop in real terms from the same month in 2022. The Brazilian Tax Authority released this data on December 20, 2023. The revenue managed by the Authority was R$ 165.641 billion ($33.8 billion), down by […]

Rómulo Roux becomes presidential candidate of the opposition party CD in Panama
Rómulo Roux, a lawyer, has been officially recognized as the virtual winner of the internal elections for the opposition Democratic Change (CD) party’s presidential candidate in Panama. He secured 53.53 percent of the votes, with 94.9 percent of the tables scrutinized. The Electoral Tribunal (TE) stated that there is an irreversible trend in the preliminary […]