Comment by jdahlin
13 hours ago
Brazil has the opposite of high taxes, especially for company owners. I remember paying 6% on income, compared to up to 70% in Sweden.
13 hours ago
Brazil has the opposite of high taxes, especially for company owners. I remember paying 6% on income, compared to up to 70% in Sweden.
Import taxes in Brazil are 60%, plus something like 18% on top of the product, shipping and the aforementioned import taxes.
The result is a nearly 100% tax on computers and consumer electronics. One for you, one for the government.
That 6% figure is just the Simples Nacional rate for micro-businesses making less than 35kUSD/year. The actual income tax tops out at 27.5% at middle class thresholds. On top of that Brazil stacks social security tax, payroll taxes and a yet more taxes embedded in every single purchase. If you calculate all of this you can figure out something like up to 70% of a brazilian's income can flow to the government.
You say swedish companies pay 70% taxes. Well, swedish citizens get excellent services and a generally functioning country in return. Brazilian citizens pay 70% taxes and they get... Brazil.