BTG’s Esteves Says Brazil’s High Taxes Are ‘Killing’ Competition

Brazil’s high tax burden is “killing” competitiveness in the country, Banco BTG Pactual SA Chief Executive Officer Andre Esteves said at an event in Sao Paulo today.

The country’s tax system is worst than the ones of its emerging market peers, Esteves added.

To contact the reporter on this story: Francisco Marcelino in Sao Paulo at mdeoliveira@bloomberg.net

To contact the editor responsible for this story: Fabiola Moura at fdemoura@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.