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Brazil: Manaus Free Trade Zone and the harmful effects of the tax reform proposals

By Eduardo Bonates*

Terror and panic.

These should be the two main feelings that any defender of the Free Trade Zone Model should have when facing the two tax reform proposals discussed in the National Congress.

In any of the discussed hypotheses, four of the five main tax incentives of the Manaus Industrial Complex (PIS, COFINS, ICMS, and IPI) would be directly affected.

And the feeling of anguish increased after the president of the Chamber, Arthur . . .

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