Brazil: The Tragic End of Travancas the Terrible

A venerable and usually heeded Brazilian saying is that "taxes are to be evaded, not paid." Thus, of all the reforms imposed by the country's three-year-old military government, none caused more grumbling among business men and politicians than the decision to make more Brazilians cough up more cruzeiros by tightening the income tax laws. The man who got the job in 1964 was Tax Chief Orlando Travancas, 48, who did it so well that he soon became known in Brazil as "Travancas the Terrible." He doubled the number of taxpayers (to 3,000,000), raised revenues from $135 million a year...

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