Publish in Special Reports - Monday, March 25, 2013
President Dilma Rousseff has implemented some tax breaks to counter the economic slowdown, but they are not enough, Rogerio Menezes argues. (Photo: Roberto Stuckert Filho/PR)
Brazil tax expert Rogerio Menezes talks to Latinvex about the outlook for reform.
BY JOACHIM BAMRUD
Rogerio Menezes, the CFO of the Brazil unit of a major multinational chemicals company, has become a leading critic of Brazil's complex tax burden, which has led the country to rank last on the Latin American Tax Ranking from Latinvex. The ranking of 19 countries looks at corporate tax rates, and the number of payments and hours necessary to comply with tax payments.
In this interview with Latinvex, he explains why recent reforms are not doing enough to alleviate the tax burden and how he views the outlook for serious reform.
Latinvex: To what degree will the government's various tax breaks help alleviate the tax burden in Brazil?
Menezes: Not that much. Those are ...