Brazilian businesses pray for simpler tax system in 2020
Shoppers at SAARA, a popular shopping district in Rio de Janeiro. The World Bank ranks Brazil among the 10 worst countries for paying taxes – only slightly better than the Congo and Venezuela. – EPA pic, January 28, 2020.
ALEX Serodio struggles to find enough superlatives to describe Brazil’s cumbersome tax system. “I think rocket science might be easier,” quips the online beauty products retailer in Sao Paulo. That could change this year, as lawmakers consider various proposals to simplify one of the world’s most complicated and time-consuming tax regimes.
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