Explaining Brazil

Explaining Brazil #57 A look into our super-complex tax system


As the month of April comes to an end, Brazilians have their annual rendezvous with the federal revenue services. Brazilians work for approximately four months just to pay their taxes. According to the São Paulo Trade Association’s Tax Clock, Brazilians have already paid BRL 851 billion in overall taxes in the first four months of 2019. If that money were placed in a pile of 100-dollar bills, it would take 70 twenty-feet-tall containers to store.

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