Warning: Signing a Blank Check

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In a system already marked by complexity, allowing room for broad interpretations can mean more than flexibility. It can mean uncertainty.

In her article for Folha de S.Paulo, Tatiana Del Giudice Cappa Chiaradia, partner at CMC, delivers a clear warning. Certain developments in the tax discussion may function as a “blank check,” where taxpayers assume risks without fully knowing which rules will ultimately prevail.

In practice, this touches on a central issue. Taxes require predictability. After all, they are mandatory charges defined by law, directly impacting companies, investments, and economic decisions.

When this predictability is lost, the cost is not only financial. It is strategic. The debate is not about being for or against change, but about how these changes are structured.

Read more: https://www1.folha.uol.com.br/blogs/que-imposto-e-esse/2026/05/alerta-ao-assinar-um-cheque-em-branco.shtml

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