Emerson TakahashiWall Street Journal says that Brazil reached its tolerance to taxes
Posted by Emerson Takahashi on January 29, 2008
The Wall Street Journal declared that Brazil reached its tolerance to taxes. This article is very interesting because it paints the real status about taxes, government, corruption and reforms.
Notes to myself:
- Risk agencies will want reforms to declare that Brazil reached investment grade
- High taxes prevent higher economic growth
- Bureaucracy serves as a political tool
