Guido Mantega says industial production up 0.02%, just about stops after small drops in previous months. Tax reform is needed but he does nothing. Tudo acaba em Pizza do Guido/Dilma.

Originally posted by Esprit The Brazilian economy was once growing at breakneck speed under the existing tax regime so [a] what has changed and what growth in what areas would benefit by lower taxation and [c] how can Brazil grow when the economies of China, Europe and USA are slowing or stagnant?

First reform, allow private companies to import and refine oil with no import tax. Price of gas at the pump drops 40%. Since transport costs drop all goods cost less at the market. Yes tax revenue on gas drops yet tax revenue on more business goes up.

Edited by GreatBallsoFire - 01 August 2012 at 23:49

Originally posted by Tom Green The Brazilian economy and this big boom is over. Rather than taking advantage of the growing economy and lowering prices to help all they introduced heavy inflation.   Lets hope next time they will follow the example of South Korea rather than some African dump.

Kaula-Lampur-Newf-Rio-Tom-Green - I've only seen 1 article recently on inflation going up due to food prices and reduced harvests related to weather conditions in the US. On the streets, at least, I haven't seen any major increases. If anything, price increases have seemed to level-off due to the crises in other places, especially Europe. Everyone in the praça talks about how business is not great...

time will tell....

Originally posted by GreatBallsoFire Originally posted by Esprit The Brazilian economy was once growing at breakneck speed under the existing tax regime so [a] what has changed and what growth in what areas would benefit by lower taxation and [c] how can Brazil grow when the economies of China, Europe and USA are slowing or stagnant?  First reform, allow private companies to import and refine oil with no import tax. Price of gas at the pump drops 40%. Since transport costs drop all goods cost less at the market. Yes tax revenue on gas drops yet tax revenue on more business goes up.   Second reform. Reduce all import tarrifs. Reduce all manufacturing tarrifs. Why should a car made in Brazil sell for half abroad? No taxes.  Why can you buy a Litrao of Brama in Argentina for half? Same thing.

Originally posted by sven Brazil's marvelous tax system is without a doubt the most complicated in the world. People come here to study it in order not to copy the same mistakes.

Now if only the locals could catch on to this sad statistic!