Tag Archives: taxes

Brazilians pay record taxes in 2011

Brazilian Internal Revenue Service (Receita Federal) announced a new records showing that taxes are moving put with the economy. Dolar is stable and country risk is down but GDP prognostics for 2011 are decelerating. The first quarter of 2011 set … Continue reading

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Informal economy represents 18% of GDP in Brazil

Heavy taxes and a lot of bureaucracy. Those are the thoughts that came to my mind when I saw the latest FGV  estimate; Brazil’s informal economy is R$578bn, or the equivalent to Argentina’s total GDP. The good news is that although sizeable, the statistic … Continue reading

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