"The justification for the implicit assumption that it is impossible to design a tax reduction without costs is more practical than theoretical.

The tax burden in Portugal has been breaking record after record. This has sparked debate, on the part of some political parties and society in general, about the (increasingly consensual) need for a tax reduction. The (only) point of divergence will be in the financing of this reduction."

Ricardo Ribeiro, Professor and Coordinator of Centro de Estudos em Gestão e Economia (CEGE, the Center for Management and Economic Studies) at Católica Porto Business School, analyzes and writes about the various perspectives on tax reduction. Read the article in full here (only in portuguese).