SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Step1 who wrote (51180)6/21/2004 8:04:51 PM
From: elmatador  Read Replies (1) | Respond to 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!!!



To: Step1 who wrote (51180)6/21/2004 9:55:59 PM
From: Tommaso  Read Replies (1) | Respond to of 74559
 
Well, you can stick with any premise that pleases you.

I have had experience with both tax systems, so I will stick with what actually happens.