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Analysis: Brazil’s Crazy Tax System Creates “Brazil Cost” for New Businesses

RIO DE JANEIRO, BRAZIL - Expectations that the Bolsonaro Government would put the liberal discourse used in its campaign into practice and pass a tax reform in the administration's Year 1 gave way to the frustration that nothing happened in the Government's Year 2 either. Now it is hoped that something will happen this year, given that 2022 will most likely be focused on attempting reelection.

"Insanity" seems just a figure of speech, but it is not. Brazil has one of the world's most complex tax system, which is confirmed by any measure assessed. In the Complexity Tax . . .

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