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Brazil’s Tax Reform Sparks Legal Firestorm
In Brazil, 495 companies are contesting Finance Minister Fernando Haddad's tax reform, which seeks to boost public funds by R$24 billion ($4.8 billion) in...
El Salvador’s Bold Tax Reforms Under Bukele
In a new development, El Salvador has taken decisive steps to revitalize its economy and attract global investors.
President Nayib Bukele's government has passed crucial...
Ecuador Approves Key Tax Reform
On Tuesday, Ecuador's National Assembly approved a new tax reform proposed by President Daniel Noboa.
Its goal is to boost the state's budget by $832...
Ibovespa Climbs with Tax Reform and Global Optimism
Ibovespa, Brazil's main stock market index, experienced a significant rise this Monday.
This surge in the B3 exchange reflects positive economic sentiments influenced by the...
Brazil’s Milestone Tax Reform: Streamlining for Efficiency
The Chamber of Deputies in Brazil has approved a landmark tax reform, PEC 45/2019, after 30 years of discussions.
This reform, crucial for modernizing Brazil's...
Brazilian Stocks Climb on Tax Reform Progress
The Brazilian Stock Market's primary index, Ibovespa, saw an increase today due to the recent Senate approval of a significant tax reform.
The Senate's decision,...
Brazil Gets Thumbs-Up from OECD for Tax Reforms
David Bradbury from the OECD praised Brazil's latest tax changes. His comments came before a new OECD report was released.
This study looks at 75...
Brazil’s tax reform: estimated VAT rate between 25.45% and 27% based on the adopted text of the Parliament
The Finance Minister has provided a technical note indicating that the Value Added Tax (VAT) rate, as part of the tax reform, is expected...
Brazil’s Chamber president warns of ‘great risk’ of income tax reform
Arthur Lira, the President of the Chamber of Deputies, has recently expressed concern regarding the potential consequences of the income tax reform proposed by...
Brazil’s tax reform could lead to economic destabilization, Bolsonaro says
On Sunday, former President Jair Bolsonaro expressed concerns that the proposed tax reform could potentially induce inflation, unemployment, and economic disruption.
The statement was posted...
Pending tax reform could make Brazil have the highest consumption tax in the world
Brazil's upcoming tax reform is expected to introduce a consumption tax that could become one of the highest in the world.
Initially, a study suggested...
Brazil’s House of Representatives approves tax reform, significant victory for Lula
Brazil's House of Representatives has approved the tax reform proposal, marking a significant victory for President Luiz Inácio Lula da Silva's government.
The reform, which...
Lula’s tax reform hangs in limbo as budget amendments raise concerns and personal interests take center stage
President Lula is pushing for the approval of a tax reform constitutional amendment and has allocated a significant amount of budget amendments to deputies.
The...
The mayors of Rio and São Paulo criticize the current tax reform in Brazil and express their concern
Mayors Eduardo Paes of Rio de Janeiro and Ricardo Nunes of São Paulo voiced their criticism of the proposed tax reform in a manifesto...