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Most Brazilian businessmen unhappy with tax system: study

09-21-2011 11:07 BJT

RIO DE JANEIRO, Sept. 20 (Xinhua) -- Most Brazilian businessmen are dissatisfied with the country's tax system, according to a study released by the National Industry Confederation (CNI) Tuesday.

According to the CNI's Quality of Brazil's Tax System survey, 79 percent of Brazilian businessmen believed the country's tax system is very bad, and 17 percent of them thought it is bad, while only four percent believed it is good or very good.

About 88.5 percent of businessmen believed the system is complicated or very complicated. The transparency of the system was also frowned upon by 86.8 percent of those surveyed.

"When we say 'transparency,' we are not talking about the application of those resources, but about the tax itself. No one knows for sure how much tax there is in a liter of milk or gasoline," CNI Economic Policy Director Flavio Castelo Branco said.

Other aspects of the system, such as legal security and stability of regulations, were criticized as well.

The CNI investigated 1,692 companies in the country from June 1 to 15.


Editor:Yang Jie |Source: Xinhua

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