⏪ Tax reform do-over?

Speaking to executives at the National Confederation of Industry (CNI) on Monday, Senator Flávio Bolsonaro pledged to unwind Brazil's tax overhaul, which Congress began approving in late 2023.

Flávio was careful to say he does not oppose the reform itself. “[A suspension is meant] to give us time to make a real tax reform, with a reduction of the tax burden over the years, predictability and fiscal adjustment,” he told a crowd of business leaders. According to the senator, reopening discussions about the reform would allow the future VAT rate to be brought down to …

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