Brazil: Tax Expenditure Rationalization Within Broader Tax Reform
Download or Read eBook Brazil: Tax Expenditure Rationalization Within Broader Tax Reform PDF written by Maria Delgado Coelho and published by International Monetary Fund. This book was released on 2021-09-24 with total page 46 pages. Available in PDF, EPUB and Kindle.
| Author | : Maria Delgado Coelho |
| Publisher | : International Monetary Fund |
| Total Pages | : 46 |
| Release | : 2021-09-24 |
| ISBN-10 | : 9781513596624 |
| ISBN-13 | : 1513596624 |
| Rating | : 4/5 (24 Downloads) |
Book Synopsis Brazil: Tax Expenditure Rationalization Within Broader Tax Reform by : Maria Delgado Coelho
Book excerpt: The excessive complexity and burden of the Brazilian tax system, riddled by cumulative indirect taxes and heavy payroll contributions, have led to an accumulation of fiscal incentives aimed at reducing its burden on taxpayers and productive activities. Federal and subnational tax expenditures currently stand at over 5 percent of GDP. Rationalizing them can only be comprehensively feasible in the context of a broader sequenced tax reform, and could reduce resource misallocation and income inequality, as well as provide new revenues.
