Samuel Fernandes de Almeida (partner) writes an article for the Frontline on the State’s Budget for 2020.

What is already clear from the political agenda is that the fiscal drain is set to last in Portugal. In fact, the tax burden measured on the country's wealth continues to grow, having reached 35.4% in 2018, the highest value in democracy. Although this indicator is quite reductive, since it does not measure the effort rate, nor does it take into account the disparities and asymmetries of the tax system, the truth is that tax collection continues to grow well above the economic growth of the country.

Read the article here.