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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Step1 who wrote (51180)6/21/2004 8:04:51 PM
From: elmatador  Read Replies (1) of 74559
 
S1 you're right. Governments seek unavoidable taxes. Taxing salaries of their own employees is the ultimate unavoidable tax.

In the private sector there's the possibility that perks can be given to most employees -car, mobile phone and phone bills, lap top and high speed Internet- and pay them lower (taxable) salaries.

In Brazil, where the citizen works 7 months to pay taxes, I know guys whom, car, children's school, home rental are paid by the firm, and earn a very little taxable salary.

Since in a country where the services are Mozambique and the taxes are Nordic, the citizen has to shelter himself any way he can. The government, in its turn try to get the taxes by all means.

The Brazilian government ultimate unavoidable tax is to tax every financial transaction: Any time you do anything in the bank, they get a cut of it.

<<On June 13, 2002, was promulgated an amendment to the Brazilian constitution. As per Constitutional Amendment number 37, the application of the Temporary Contribution on Financial Activities (CPMF) was extended until December 31st, 2004. The CPMF was first created in 1997 as a "temporary" tax on financial transactions and is charged on every debit (e.g.: withdrawal, transfer, etc.) made to a bank account. Until the end of 2004, the following CPMF rates will be applicable:
For the years 2002 and 2003 => 0,38%
For the year 2004 => 0,08% >>

Temporary in Brazil lasts forever!!!
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