Despite its known regressivity, the value-added tax (VAT) has been considered a robust tool for development, especially if integrated into a well-implemented tax-and-benefit system. VAT is often considered a neutral tax that minimizes distortions and is particularly relevant to low- and middle-income countries due to its simplicity to administer and potential to effectively reduce tax evasion.
Source Council on Economic Policies
Latest Posts in "Brazil"
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