World politics

re opening corporate debt

Corporate Taxes Back Centre Stage: If Companies Are Forced To Pay For The Pandemic, There Will Be No Increase In Profits

Alphavalue | ll governments around the world are faced with the fact that growth comes from investing in education, the environment and possibly infrastructures. The pandemic has de facto killed an old and simplistic idea that the lower the taxes, the better. Without public resources, there would have been no way of dealing with the pandemic. So supporters of reasonable corporate taxes have returned to the scene, starting with Spain, the UK for its next budget and now the US.

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Brazil

Brazil–Less Significant Economic Contraction Than Originally Expected

The impact of the coronavirus pandemic has put an end to the modest economic rebound since 2017. The recovery followed Brazil’s longest and deepest recession in 2014-2016, when GDP shrank by almost 9%. However, Brazil’s less stringent containment measures and stronger fiscal support have led to smaller output losses compared to most other countries in the region. In 2020 GDP is expected to contract by 4.6% (an upward revision from the 6.2% contraction expected in August). Business confidence has rebounded since June.