Brazil's Tax Monster
BY THIERRY OGIER
SAO PAULO – Lock up a dozen Brazilian executives in a room, and they are soon bound to moan about the complexity of the tax system – and sound sarcastic about tax lawyers’ fees in Latin America’s largest country.
There is nothing new about the complaint – and here’s the rub: it seems that some things will never change in Brazil, in spite of repeated pledges of tax reform – especially during electoral campaigns, such as the current one.
Brazil’s tax climate is so bad that it ranks as the worst country in Latin America on the 2010 Latin Tax Index from Latin Business Chronicle.
TOO HIGH
The first grievance is that corporate taxes are too high. Four in five of executives recently polled by ....
Full story
Keywords: AmCham Sao Paulo, Gerdau, André Jánszky, Milbank, Tweed
You can write a comment on this article by clicking here.
There are no comments on this article. If you wish, you can write one.
