Publication
Author:Pedro Carvalho Jr., Luana Passos
Subject: Economic Growth
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Abstract: "Many discussions have taken place in Brazil about legislation pertaining to subparagraph VII of article 153 of the 1988 Federal Constitution—the regulation, through a Complementary Law, of the Tax on Large Fortunes (Imposto sobre Grandes Fortunas—IGF). In the current scenario, with the country facing a second consecutive annual decrease in tax revenue, the subject of the implementation of the IGF is gaining some traction, with its proponents vehemently arguing that it can represent a balancing mechanism for a possible increase in the tax burden, so that this increased burden would not fall exclusively on the poorest population through indirect taxes. The economic crisis, together with the political crisis, has reactivated the debate on tax reform, especially regarding demands for a less regressive and more efficient system". (...)

keywords: Tax, Large Fortunes, recent, international, debate, situation, Brazil
Date Publication: 03/09/2018 - 08:00
Type/Issue: Working Paper / 166
ISSN: 1812-108x
Language: English