The Poor Taxation System In Brazil Seriously Affects The Competitiveness Of Garment Machinery And Other Products.

The Brazil Federation of industry (CNI) recently conducted a questionnaire survey of nearly 2000 factories in the country. Results 79% of respondents believe that Brazil's tax system is poor and needs improvement. Only 1% think it is good or very good.

In this survey, 90.8% of respondents thought that Brazil's tax items were numerous and miscellaneous.

70.1% of respondents believed that ICMS was the main tax item affecting the competitiveness of industrial products. Clothing, shoes, editing, printing, machinery, electrical and electronic materials and pport equipment industries considered that social insurance contribution (Confins) was the main tax item affecting the competitiveness of industrial products.

At present, there are 104 tax items in Brazil, including the federal tax, such as import tax (II), industrial product tax (IPI), income tax (IR) and financial tax (IOF), municipal taxes such as state tax, urban housing tax (IPTU) and service tax (ISS), such as cargo circulation tax (ICMS) and automobile tax (IPVA).

Brazil's tax revenue in the first half of this year (1-6 months) amounted to 465 billion 600 million yuan (about $298 billion 600 million), which not only set a record of the highest tax revenue in the first half of the year, but also increased by 12.68% over the same period in 2010. The tax revenue in the first half of this year is 1-6 yuan.

Brazil's tax revenue this year is estimated to grow by 10% compared with last year. Last year, Brazil's 1 trillion 29 billion yuan (about $584 billion 600 million) tax revenue not only hit a record high in the past years, accounting for 35.04% of the gross domestic product (GDP) in the same year, making Brazil one of the world's most heavily charged countries.

The proportion of Brazil's tax revenue in the country's GDP increased from 24.61% in 1991 to 35.04% in 2010. In other words, Brazil's tax revenue accounted for 10.43% of the country's GDP share in the past 20 years.

During this period, Brazil enterprises appealed to the country.