PoliticsNotableReported
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Brazil's next president faces pension reform pressure as aging population strains fiscal accounts
Valor Econômico·BR·about 4 hours ago
Brazil's new IBS/CBS consumption tax system introduces CNICA, an administrative dispute body, but its lack of parity between federal and subnational representation may weaken the reform's core simplification goal. The institutional design could increase litigation and reduce predictability, contradicting the reform's stated purpose. This is a domestic political and administrative development with potential long-term fiscal implications.