Opinion: Tax Reform in Brazil – who wins and who loses?

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By Luiz Philippe Orleans e Bragança*

Who wins and who loses with the Tax Reform in Brazil, whose proposals are being evaluated by the Working Group (PEC 110 and PEC 45)?

All the advantages go to the banks, the big industries, and the Union government.

The ones who will bear the losses of the measures are the small and medium-sized companies in the industry, commerce, and service sectors, the agribusiness, the state and municipal governments, and, finally, the final consumer.

It is a consensus that we have perhaps the worst tax system in the world.

But the transition . . .

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