Broadening the VAT Base: Financial Services and Supplies of Real Property in the Brazilian Tax Reform - Kluwer International Tax Blog

Broadening the VAT Base: Financial Services and Supplies of Real Property in the Brazilian Tax Reform - Kluwer International Tax Blog

The authors would like to thank Bernard Appy, Secretary for Tax Reform at the Ministry of Finance (Brazil) for his comments and inputs. It is well established in the academic literature and suggested by international organizations that a broad-based VAT reduces distortions, increases economic efficiency, promotes growth and simplifies the system (Bird et al, 2007, Brys et al, 2016, Acosta-Ormaechea, 2019). Additionally, empirical evidence sugges…