IRBES: Further Impacting The Economy, Taxes In Brazil Are Considered The Worst In Terms Of Return For The Well-Being Of Its Population, According To A Study By The Brazilian Institute Of Planning And Taxation (IBPT)

Escrito por Bruno Teles

Publicado em 18/01/2023 às 18:01

Afetando ainda mais a economia, os impostos no Brasil são considerados os piores no retorno para bem-estar de sua população, segundo o estudo feito pelo Instituto Brasileiro de Planejamento e Tributação (IBPT) (Foto/divulgação)

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Taxes in Brazil Are Considered the Worst in Allocating Taxes for the Minimum Comfort and Well-Being of the Population, According to Edition 11 of the Welfare Return Index (Irbes) Prepared by the Brazilian Institute of Planning and Taxation (IBPT).

This study shows the 30 countries that collected the most taxes worldwide, with Brazil presented in last place in the survey since it started in 2011. According to the Brazilian Institute of Planning and Taxation (IBPT), the entire calculation of the study also takes into account the total tax burden in relation to GDP (weighted with about 15% importance) along with the Human Development Index (HDI) (weighted with about 85% importance).

For the fourth consecutive time, Ireland was ranked first in the study, considered the country that best allocates taxes for the well-being of its population among all nations that collect the most.

“It is necessary to allocate the Brazilian budget in a more assertive and qualitative manner,” says the executive president of IBPT, Dr. João Eloi Olenike. “The amount Brazil currently allocates for investments that promote growth in the HDI is very low,” emphasizes Dr. Olenike.

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According to estimates from the Impostômetro of the São Paulo Commercial Association (ACSP), in 2022, Brazilian taxpayers paid about R$ 2.89 trillion in taxes to state, municipal, and federal governments.

Cost of Brazil

According to João Olenike, one of the main factors that weigh on the Cost of Brazil is the high taxes charged in Brazil, which influences investment in the country, resulting in significant impacts on improving the quality of well-being and life of the population.

“Many refrain from investing here because costs are too high, the taxation is high, there is legal security, ports that are not very efficient, toll roads, and even when they are good, most are in poor condition,” evaluates João Eloi Olenike. The president also points out the issue of transport logistics, which is not considered adequate for the size of the country, along with the bureaucracy surrounding it.

For João Eloi Olenike, as long as this scenario does not change, Brazil will continue to collect a lot of taxes from the population, but the return will be poor for society.

With all this, last Thursday, the 12th, Lula (PT) stated that changes in Brazil’s taxes will be necessary. According to him, the rich must pay even more taxes than the poor.

IRBES: Further Impacting The Economy, Taxes In Brazil Are Considered The Worst In Terms Of Return For The Well-Being Of Its Population, According To A Study By The Brazilian Institute Of Planning And Taxation (IBPT)

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IRBES: Further Impacting The Economy, Taxes In Brazil Are Considered The Worst In Terms Of Return For The Well-Being Of Its Population, According To A Study By The Brazilian Institute Of Planning And Taxation (IBPT)

Taxes in Brazil Are Considered the Worst in Allocating Taxes for the Minimum Comfort and Well-Being of the Population, According to Edition 11 of the Welfare Return Index (Irbes) Prepared by the Brazilian Institute of Planning and Taxation (IBPT).

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

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A bright yellow mushroom imported from Asia escaped from a cultivation farm in the United States in 2010 and is now aggressively spreading across 25 states, destroying entire communities of native fungi in American forests.

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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

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