Bloomberg News

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

October 24, 2011

Oct. 24 (Bloomberg) -- 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

To contact the editor responsible for this story: Fabiola Moura at

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