On the other hand, if Northrop actually acquires the technology for $2 million from the two best contestants they just saved hundreds of millions of dollars worth of R&D expenses
Wall Street firms have long ago realised the benefits of swearing - hardly a day goes by without my boss, who is an English Gentleman, screaming things I wouldn't repeat to a convicted rapist
I am Brazilian born and I work for a Wall Street firm as a senior economist. I believe your theories are essentially flawed and here are the reasons behind my opinion:
First, to understand the effect of increasing tax rates actual tax revenues, please visit http://en.wikipedia.org/wiki/Laffer_curve. Brazil is definitely post-peak here, but you cannot, in practice, have zero tax revenues unless your government no longer exists.
Second, the tax rates in Brazil are not nearly as high as your example purports them to be. Yes, there are cascade taxation matters and although it can make your business not make economic profit (return in excess of a benchmark at a similar risk rate), it will not reduce your income to zero or below zero.
Third, low income individuals in Brazil only pay indirect taxes in the form of increased prices, they do not pay personal income tax - that weigh is mostly borne by the middle class. So, if you are within the 80% lowest income brackets (or so) you are not paying a cent in income taxes, so cut the "Live in the street and try to pay them" bullcrap.
Fourth, you are not asked to pay taxes. You are required to do so. It is not an option. If you are paying taxes in Brazil, you are already "rich", so your family is _not_ going hungry.
Those directors got too greedy and were caught red-handed. If there is no serious penalty associated with a slim probability of getting caught, the law is moot. Let us hope that it is not.
Slashdot Mirror
On the other hand, if Northrop actually acquires the technology for $2 million from the two best contestants they just saved hundreds of millions of dollars worth of R&D expenses
Join us and you will have a chance to kill innocent Brazilians and walk away with a slap on the wrist!
a.k.a. U.S. budget deficit
Wall Street firms have long ago realised the benefits of swearing - hardly a day goes by without my boss, who is an English Gentleman, screaming things I wouldn't repeat to a convicted rapist
I am Brazilian born and I work for a Wall Street firm as a senior economist. I believe your theories are essentially flawed and here are the reasons behind my opinion:
First, to understand the effect of increasing tax rates actual tax revenues, please visit http://en.wikipedia.org/wiki/Laffer_curve. Brazil is definitely post-peak here, but you cannot, in practice, have zero tax revenues unless your government no longer exists.
Second, the tax rates in Brazil are not nearly as high as your example purports them to be. Yes, there are cascade taxation matters and although it can make your business not make economic profit (return in excess of a benchmark at a similar risk rate), it will not reduce your income to zero or below zero.
Third, low income individuals in Brazil only pay indirect taxes in the form of increased prices, they do not pay personal income tax - that weigh is mostly borne by the middle class. So, if you are within the 80% lowest income brackets (or so) you are not paying a cent in income taxes, so cut the "Live in the street and try to pay them" bullcrap.
Fourth, you are not asked to pay taxes. You are required to do so. It is not an option. If you are paying taxes in Brazil, you are already "rich", so your family is _not_ going hungry.
Those directors got too greedy and were caught red-handed. If there is no serious penalty associated with a slim probability of getting caught, the law is moot. Let us hope that it is not.