Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (366396)	5/28/2010 8:35:25 AM
From: D. Long	6 Recommendations Read Replies (2) \| Respond to of 793896

"The rich are not paying their fair share" Let's start with you and your husband, Hill. When should we expect the check?

To: FJB who wrote (366396)	5/28/2010 10:56:34 AM
From: ManyMoose	Respond to of 793896

"Brazil has the highest tax-to-GDP rate in the Western Hemisphere and guess what — they're growing like crazy," Clinton said. "And the rich are getting richer, but they're pulling people out of poverty." If Brazil had the EPA, NEPA, and similar laws in place they wouldn't be so profitable and Clinton would have to change her story. US environmentalists should have a cow over Clinton's boast.

To: FJB who wrote (366396)	5/28/2010 11:49:00 AM
From: Brumar89	1 Recommendation Respond to of 793896

Brazil does have very high taxes and lots of different, confusing and constantly changing tax laws ..... the other side of the story is I think people and local businesses cheat on their taxes a lot there. Coincidentally, early in the week I was in a meeting where Brazil's business complexity was discussed. From a powerpoint slide: 50+ different types of taxes, constantly changing heavy paperwork requirments local content - unclear rules goods 60% local content services 80% local content tax rates foreign vendors goods 76% services 45% local vendors goods 56% services 17% ---------------- Why would a foreign company do business there? For us its offshore oil. Plentiful natural resources can cover a lot of governmental mistakes.