Brazilian Taxes Hinder Small and Medium-sized Businesses, According to Entrepreneurs

The tax burden is the main obstacle to the development of small and medium-sized businesses in Brazil.

RIO DE JANEIRO, BRAZIL - Entrepreneurs in the commerce, industry, and services sectors are assessed in a quarterly survey conducted by INSPER's Center for Business Studies, with the support of Santander.

Taxes were mentioned as the greatest obstacle to business progress in the opinion of 47.7 percent of entrepreneurs. Interest rates ranked second with 20.6 percent. After that, there was default (14.9 percent), labor costs (14.2 percent) and the exchange rate (2.6 percent).

"The fiscal problem is represented in its two dimensions for entrepreneurs of small and medium-sized companies. On the one hand, they . . .

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