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The weight of the state in the economy and economic growth: the evidence that Portugal ignores | João Novais

Monday, February 9, 2026 - 10:55
Publication
O Jornal Económico
"(...) we are, along with Belgium and Spain, the only countries that simultaneously appear in the Top 10 with the highest rates of VAT, corporation tax and income tax, the most representative taxes in tax revenue. (...) Portugal can continue to ignore the evidence or it can adjust the incentives that guide the behaviour of companies and individuals, definitively reducing the burden of the State and promoting more investment and growth. The choice is not ideological — it is economic rationality."

Read here (available in Portuguese) the latest opinion piece by João Novais, professor at Católica Porto Business School, published in O Jornal Económico.
 
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