CNI warns of danger of higher taxes after TCU projection

The promise of neutrality in tax reform faces a new reality test in Congress. According to Revista Oeste, the Federal Court of Auditors estimated the CBS rate at 11.3%, a level that generated a strong reaction in the production sector.

The National Confederation of Industry, according to Revista Oeste, stated that the calculated rate will result in an increase in taxes that will affect both the corporate sector and the end consumer. For the entity, the result compromises one of the pillars promised during the processing of tax changes.

Also according to Revista Oeste, the CNI disagrees with the time base used by the TCU to achieve such an index. The institution also points out that the Selective Tax will further increase general taxation.

Given the scenario, the CNI demands that senators analyze the methodology before the deadline of December 15, demanding greater transparency and technical rigor from control bodies on the real impact on the private sector's accounts.

The president of the CNI, Ricardo Alban, highlighted the original commitment made to the Brazilian taxpayer by declaring that maintaining revenue at the current level without increases represents the fundamental premise of the entire fiscal remodeling process, according to Revista Oeste.

What changes for the investor

The discussion about the expansion of the tax burden directly affects the profit margin projections of companies listed on the stock exchange and corporate financial planning. Investors monitor the Senate's reaction and the definition of final rates, as the effective cost of taxes impacts asset pricing, companies' cash generation and the competitiveness of productive sectors in future markets.

Automatically translated from Portuguese.