Garcia, Felipe Sachsida, Adolfo de Carvalho, Alexandre Ywata
Year of Publication:
Texto para Discussão 2357
We use data from the period 2009-15 to estimate the impact of the public policy aiming to decrease the taxes paid by companies over their payroll. The objective of this program, so called Less Taxes on the Payroll ("Desoneração da Folha de Pagamento"), was to burst the employment in the firms benefited by the tax cut. Overall our econometric results show no employment effect of this program.
tax cut employment payroll taxes public program evaluation difference in difference