After the election

Resumo

Columnist João Augusto de Castro Neves explains why no matter who wins on October 26th, the landscape will be difficult for the next president. In addition to the obvious fiscal problems, attempts at tax reform must deal with state objections to changes in the VAT and coalitions in Congress will be more fragmented. His conclusion? “It is not likely that a Neves administration would be as positive as many expect or a Rousseff administration as negative.”