Brasil Taxes Like The UK And Delivers Like A Banana Republic.

BRAZZILMAG/OPINION:Luciano Medina Martins/
"Since 2005 the IFC (International Finance Corporation), part of the World Bank, has ranked Brazil among the most bureaucratic countries on the globe, this causes a very negative impact on the economy, as Brazilian companies need many employees to take care of the tax bureaucracy, sky rocketing the costs of white collar staffs.
84 different taxes place Brazil as the world's most complex taxation system. Not only complex but also among the world's heaviest taxes. Brazil ranks as second place in taxes on wages. 42.5% of a regular worker's salary goes to taxes before this worker can put his hands on the paycheck."