Monday, July 24, 2017

Open: the fuel increase will be reflected in the supply chain

SAO PAULO-the Brazilian Association of Supermarkets (Open) criticized on Friday, 21, the Government''s decision to increase taxes levied on marketing of fuels to improve tax collection and reduce the hole of public accounts.
In a statement signed by the President of the entity, João Sanzovo Neto, open it says that the adjustment in fuel prices have reflection throughout the supply chain and represents a further obstacle to those who want to "undertake and grow".
The Association still evaluates to resort to taxpayers to increase the collection''s not the better way out to meet the fiscal target in a country with one of the highest tax burdens in the world.
"The country still suffers the effects of the economic crisis and we believe that the way for the resumption of growth does not include any extra tax", States the entity to comment on the announcement, made yesterday by the Government, increasing the PIS/Cofins on fuel.
DCI – 24/07/2017
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