RIO DE JANEIRO, BRAZIL - The high tax burden in Brazil makes domestic products more expensive, discourages investment, and opens the door to illegality. Taxes on Brazilian goods can be up to five times the value of taxes levied on the same goods in other countries, especially neighboring countries.
According to experts on the subject, the imbalance heats up the informal market and leads to losses for the Brazilian industry, which loses the competitiveness of its products.
The report "Tax Statistics in Latin America and the Caribbean 2021" shows that the tax burden in Brazil represents 33.1% of GDP (gross . . .