Business · Economy · 8 hrs ago
Brazilian businesses said to be unprepared for tax reform
Brazil’s productive sector is not ready for the tax reform, according to political analyst Thaís Herédia.
She made the assessment at a WW Talks event in Brazil, two months before implementation is due to begin.
The reform will change the rules of the tax system, making the transition complex for businesses.
Herédia said the reform does not address the cost of the state, which she says has risen.
She warned that higher state spending could increase the tax burden, leaving businesses worried about how to adapt.
Implementation is due to start in two months, and the changes will be more complex than the test carried out so far.
CNN Brasil analyst Thaís Herédia said Brazil’s productive sector is unprepared for the tax reform.
She described businesses as frightened and disorganized about the new tax regime.
The reform is due to begin in two months, according to the article.
Herédia said implementation will be complex and warned that higher government costs could increase the tax burden.
- Who
- CNN Brasil anchor and political analyst Thaís Herédia.
- What
- She said Brazil’s productive sector is unprepared for the tax reform.
- When
- The assessment was made two months before the reform’s implementation was due to begin.
- Where
- At the seventh edition of WW Talks.
- Why
- Herédia said the reform is complex and that higher government costs could increase the tax burden.
This story does not have two clearly opposing sides.
Thaïs Herédia gave her assessment during the seventh edition of WW Talks.
The article said the tax reform was due to begin in two months.
- Analyst
- Thaís Herédia
- Outlet
- CNN Brasil
- Event
- Seventh edition of WW Talks
- Time until implementation
- Two months
What people are saying
The productive sector is frightened, not knowing how it will manage (...). What matters is that we are two months from the start of the implementation of the tax reform, which will be more complex than the test we have done so far, and the productive sector is not prepared for this.
Tax reform is about the system, not the cost of the State. Therefore, the cost will increase because the cost of the State has increased. The reform will only be a mechanism to accommodate this increase in cost.