Gabriel Caldiron Rezende and Thales D’luca Magagnin of Machado Associados discuss the measures taken by the Brazilian government to reduce taxes on fuel to control the effect of inflation on prices.
Brazil is in a period of economic instability, in light of the impacts of the COVID-19 pandemic. Increased inflation has caused uncertainty in market prices, especially in the fuel sector. To contain this instability, the federal government has taken a series of legal tax measures aimed at curbing inflation and preventing price instability from reaching end consumers.
Source International Tax Review
