Brazil's vice president called the tax system a madhouse that scares off foreign investors, pitching the Brazil tax reform as the fix. Why it matters.
Politics · Brazil
Key Facts
—The words. Vice President Geraldo Alckmin called Brazil’s tax system a “tax madhouse” that drives off foreign investors and exporters.
—The speaker. Alckmin is also industry minister, so the criticism comes from inside the very government that runs the system.
—The place. He spoke on Saturday, June 20, at a railway-sector event in Dom Aquino, in the farm state of Mato Grosso.
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