This week, Brazil’s political and economic landscape is set for key developments, including the promulgation of the tax reform passed last Friday. The Chamber of Deputies made changes to the proposal, removing parts approved by the Senate. This means no further Senate voting is necessary. Secondly, the 2024 budget vote is scheduled for Wednesday in […]
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Brazil’s Industrial Goods Face a Tax Burden 28 Times Europe’s Rate
Febrafite, the esteemed national association of state tax auditors in Brazil, has highlighted the stark contrast between Brazil and Europe regarding tax accumulation. Their comprehensive study meticulously examines the tax burden across a variety of products, uncovering significant disparities. In Brazil, a complex tax system results in taxes stacking up at numerous stages within production […]
Brazil’s Economic Ranking to Drop Then Climb Through 2028
The International Monetary Fund released new projections showing Brazil’s changing position among world economies. Brazil will drop to tenth place globally in 2024, despite stronger economic growth than initially expected. Brazil’s economy will grow by 3% in 2024, surpassing earlier predictions of 2.1%. The stronger US dollar, which gained 17% against the Brazilian real, affects […]