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LatinNews Regional Monitor: Brazil & Southern Cone - 23 September 2019
In brief: Brazil tax reforms could boost consumption by R$122.7bn
* A local private sector lobby, Federação das Indústrias do Estado do Rio de Janeiro (Firjan), estimates that proposed tax reforms (proposals 45 and 100), designed to simplify Brazil’s tax system, could generate 300,000 jobs per year and increase consumption by as much as R$122.7bn (US$29.57m). Firjan’s economic director Jonathas Goulart noted that the study shows “all the regions will have higher consumption…. [But] some could have less of an increase than others”. The two proposals are currently being debated in Brazil’s congress.
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