Brazils Politica Environment

468 words, 2 pages

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The corporate and indirect taxation systems are particularly complex and porous; the income tax system is considered to be relatively efficient, with a top rate of 27.5%.
Foreign trade: Strong external demand and a more active export policy have contributed to booming export earnings since 2003, leading the trade surplus to swell and transforming the current account from a deficit of 4.6% of GDP in 2001 to a surplus for several years, albeit steadily declining. Stronger growth in the import bill than in export earnings, coupled with a wider services deficit caused this surplus to shrink to 0.1% of GDP in 2007 and will lead to a deficit in 2008. View More »

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