{"id":10500,"date":"2023-08-15T09:40:48","date_gmt":"2023-08-15T12:40:48","guid":{"rendered":"https:\/\/www.ronaldomartins.adv.br\/?p=10500"},"modified":"2023-08-15T09:40:48","modified_gmt":"2023-08-15T12:40:48","slug":"the-impact-of-the-tax-burden-on-corporate-business","status":"publish","type":"post","link":"https:\/\/www.ronaldomartins.adv.br\/en\/15\/08\/2023\/the-impact-of-the-tax-burden-on-corporate-business\/","title":{"rendered":"The impact of the tax burden on corporate business"},"content":{"rendered":"
In Brazil, according to data from the Ministry of Finance, the tax burden is at the approximate level of 31.64% of the Brazilian domestic product in 2020.<\/em><\/p>\n <\/p>\n 1 – INTRODUCTION<\/strong><\/p>\n Much has been discussed about the tax burden in the world, in view of its impact on the economic development of countries and the lives of citizens.<\/p>\n And the relevance of taxation was materialized in the idea of the G7 – the group of the 7 largest economies in the world, with the deliberation of creating a minimum global taxation of companies.<\/p>\n The proposal was to create a global minimum tax rate of 15% on the profits of the world’s largest and most profitable companies, lower than the rate set by the OECD, which is 21%. In addition, it was supported an agenda that seeks to make multinationals pay taxes in their countries of operation and not only in the countries where they are registered.<\/p>\n Much is discussed in the corporate world, and even among citizens, about the tax burden in the world and especially in Brazil. For those, the criticism is linked to the endogenous aspects that impact the profitability of business, while for those, it is linked to the cost (prices) of products, especially those of the basic basket and food in general.<\/p>\n At certain moments, the criticism is directed at the problem of the tax burden, be it on companies or consumers in general, with the quality of public services made available to the population in general.<\/p>\n At certain moments, the criticism is directed at the problem of the tax burden, be it on companies or consumers in general, with the quality of public services made available to the population in general.<\/p>\n In any case, the taxation issue has a direct impact on corporate business and the life of citizens in general, especially in developing countries. So much so that, currently, we have the taxation on a Universal Basis – TUB (in Brazil by law 9.249\/95), along with the OECD and G7 proposal, for the establishment of a minimum global taxation for companies.<\/p>\n In Brazil, according to data from the Ministry of Finance, the tax burden is at the approximate level of 31.64% of the Brazilian domestic product in 2020.<\/p>\n <\/p>\n Tax burden in Brazil: 1990-2020<\/em><\/strong><\/p>\n The Internal Revenue Department disclosed that the gross tax burden reached 32.52% of GDP in 2019, a small drop of 0.05 p.p. of GDP compared to the previous year. The National Treasury also started to release the estimate of the tax burden, which has minimal differences from the Internal Revenue Department information, but is released in a more timely manner. According to the National Treasury, the gross tax burden for the year 2020 was 31.64% of GDP, which is the second consecutive year of reduction. In this last case, the reduction was more significant.<\/p>\n <\/p>\n Click here to read the full article.<\/p>\n","protected":false},"excerpt":{"rendered":" In Brazil, according to data from the Ministry of Finance, the tax burden is at the approximate level of 31.64% of the Brazilian domestic product in 2020. 1 – INTRODUCTION Much has been discussed about the tax burden in the world, in view of its impact on the economic development of countries and the […]<\/p>\n","protected":false},"author":3,"featured_media":9978,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[],"class_list":["post-10500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles"],"acf":[],"yoast_head":"\n