Brazil: Industry Confederation asks for the approval of the tax reform and presents 60 proposals for industrial recovery

The National Confederation of Industry (CNI) delivered a document to the vice-president of the Republic, Geraldo Alckmin (PSB), with the main demands of the sector.

The plan aims to reduce the so-called “Brazil-cost,” improve the business environment and the governance of the process, and modernize the laws.

Four major fundamentals have been detailed in the “Plan for the Resumption of Industry,” whose main objective is to increase the competitiveness of Brazilian companies,

“Improve health care of the population. Work on the economy decarbonization, the climate, the environment, and energy transition.”

“The issue of national security and defense and the issue of digitalization, which is fundamental to incorporate small and medium-sized companies to the export market,” explains Lytha Spíndola, director of Industrial and Economic Development at CNI.

For the director, Brazil’s industrial development must be aligned with other countries.

She says that other governments have launched aggressive and strong plans for technological development.

Within the four fundamentals, 60 proposals were suggested.

“The 60 proposals aim to reduce the Brazil-cost, improve the business environment, regulation, and governance of Brazil’s modernization processes.”

“We have financing, tax, and infrastructure issues that need to be addressed,” says the director.

One of the plan’s objectives is to simplify the tax system, eliminating accrued interest and ensuring that undue credits are returned to companies, especially those for exports and investments.

“The issues that most afflict companies are the Brazil-cost linked to taxation and financing. Brazil has a very complex and unfair tax system.”

“We need to modernize and approve the tax reform.”

“The taxation issues are very important in the plan.”

“In addition, financing, especially for small and medium-sized companies, which have difficulty in accessing credit and, therefore, difficulty making the necessary investments,” concludes Lytha.

With information from Jovem Pan

For the full picture, see our Brazil Tax Reform: Complete Guide.

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