BRÉSIL
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Polarization between progressive social justice and fiscal sustainability concerns
Dominant angle identified — does not reflect unanimity of this country’s media

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Brazil's historic tax reform takes effect in 2026, exempting workers earning up to 5,000 reais per month from income tax and introducing a minimum tax on high earners. Passed unanimously by Congress, the reform affects 15 million Brazilians but its 31.2 billion reais cost raises concerns as public debt heads toward 95% of GDP. The Selic remains at 12.25% and inflation climbs to 4.1%.
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