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Sep 13

Brazilians paid 998 Billion of taxes to date…..

Tax-o-meter reaches $ 1 trillion today

Tax payment reaches the level a month earlier in 2011

You know how much you’ve paid in taxes, levies and contributions to the three branches of government – federal, state and local – in this year?

September 13, 2011

"Leao Imposto"

Today, September 13th 2011, the Brazilian tax agency collected a total of R$ 1 trillion

The total volume will reach $ 1 trillion at about 11am on Tuesday(13), according to the ACSP tax-o-meter ((Associação Comercial de São Paulo). In 2010, the mark was reached 35 days later, on Oct. 18.

With that money, you could build almost 48 million housing units of 40 square meters, about 82 millionclassrooms, one thousand kilometers of paved roads, almost 4.8 billion purchase of staple foods, building nearly 4 million licensed seats health or acquire around 400 000 flat screen televisions.

The Tax-o-meter was implemented in April 2005 as a result of the partnership with the Commercial Association of IBPT (Instituto Brasileiro de Planejamento Tributário). Anyone can follow the government’s tax revenues. Simply access the site.

Richard Meijer

What I am doing: Besides running a privately hold real estate business I am blogging om MasterclassBrazil.com. MasterClass Brazil was set up to provide a one-stop source of deep-knowledge for the growing foreign business community in Brazil.

Why: Having been in Brazil for around 20 years, I have seen many big companies, expats and individuals failing miserably. I have burned myself once in Brazil, setting up ProgressOil, a company focused on the supply of Brazilian castor oil. I am now running a privately hold real estate business in Brazil.

From all these experiences I have learned a lot. Despite the fact that I speak the language reasonable well, have a strong network and understand the do's and don'ts better, I am absolutely not saying I am an expert or specialist. Everyday I am learning new things and I believe Brazil is changing in such a rapid pace that the only way to survive in Brazil is to generously absorb and understand the information available to you.

From my experience I have learned that there is a lot of information, facts and data about Brazil. I have set up MasterClassBrazil to structure this information so you can turn it in true knowledge, enabling you to be successful in your endeavors.

There is nothing in the world so rewarding as sharing expertise and knowledge.

Richard Meijer