eyesonbrasil Amsterdam, March 18th, 2025 – The political landscape in Brazil is once again at a crossroads, as thousands of supporters of former President Jair Bolsonaro gathered at Copacabana Beach this past Sunday. The rally, marked by chants of “Amnesty, now!” and a sea of yellow-and-green jerseys, underscored a growing frustration among many Brazilians with…
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eyesonbrasil Brazil’s public debt crisis has been a persistent challenge, with fiscal deterioration and economic instability plaguing the nation. However, a recent initiative led by Elon Musk and former President Donald Trump, known as the Department of Government Efficiency (DOGE), has shown promising results in addressing similar issues in the United States. Could Brazil learn…
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eyesonbrasil The New Norms and Their Implications Amsterdam, January 14th, 2025 – In early January 2025, Brazil’s Receita Federal announced a new measure to monitor all Pix payments exceeding 5000 BRL per month. While the government claims this move aims to combat tax evasion and promote transparency, many citizens fear it signals the beginning of…
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A Greater Burden on the Taxpayer eyesonbrasil Amsterdam, December 22, 2024 – Doctor Érica Gorga, from the University of São Paulo (USP), has been critical of the tax reform proposed by the Lula government. Her analysis points to several misconceptions which, according to her, result in an even greater tax burden for Brazilian taxpayers. This…
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eyesonbrasil Amsterdam, December 9th, 2024 – Deutsche Bank has recently issued a stark warning to investors, advising them to steer clear of Brazil due to the perceived economic missteps of President Luiz Inácio Lula da Silva’s administration. Dubbed “Dilma 3 Reloaded,” this assessment draws parallels between Lula’s current term and the economic challenges faced during…
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The New Tax Landscape: A Burden on Low-Income Earners eyesonbrasil Amsterdam, October 3rd, 2024 – The recent tax reform in Brazil, which requires Brazilians earning up to two minimum wages to file a tax declaration, has sparked concerns about its impact on low-income earners. While the intention is to broaden the tax base and increase…
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eyesonbrasil Amsterdam, September 7th, 2024 – Imagine the scene: Brazil’s Finance Minister, Fernando Haddad, sitting in his office, sipping his morning coffee, when he receives the news about the introduction of GESARA, which proposes to abolish income tax. His reaction? A mix of shock, amusement, and a touch of disbelief. The Initial Shock Haddad, known…
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Brazil’s Journey with Article 6 and Carbon Tax eyesonbrasil Introduction Brazil, a country known for its vast natural resources and rich biodiversity, faces a significant challenge: balancing economic growth with environmental sustainability. Implementing Article 6 of the Paris Climate Agreement and introducing an additional carbon tax may seem daunting, especially in a struggling economy. However,…
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eyesonbrasil “Beer is Not a Sin” vs. “Marijuana is Legal” The Brazilian Craft Beer Association (Abracerva) launched the “Beer is not a sin” campaign while the Federal Supreme Court (STF) was freeing the consumption of marijuana. The result? An epic clash between brewers and marijuana users on social media. Taxing the Breeze The government is…
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eyesonbrasil Tax reform in Brazil has been a central theme in political and economic discussions. From the initial promises to the current challenges, let’s explore how the “Sin Tax” fits into this scenario. 1. Origins and Promises In December 2023, the National Congress approved the tax reform proposal, introducing the “Selective Tax” or, as it…
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