New tax exemption puts 30 000 jobs at risk in the Brazilian footwear industry
The warning comes from Abicalçados, which voiced concern over the exemption of tax payments for large international platforms for the entry of products in the range of up to 50 US dollars
The Executive President of the Brazilian Footwear Industries Association (Abicalçados), Haroldo Ferreira, said that has already “alerted the Government about the impact of this measure, which exempts large international companies from paying taxes for the entry of products into Brazil, in a range of up to 50 US dollars, directly affecting the footwear produced in the country”.
According to a survey carried out by the association, this exemption puts at immediate risk more than 30 000 jobs in the Brazilian footwear industry and is not aligned with the neo-industrialisation discussions proposed by the Federal Government itself.
“How are we going to industrialise the country with this unfair competition? The national industry will continue to pay taxes such as PIS, Cofins and IPI, while foreign shoes will enter without any taxation. It is a measure that will cause the bankruptcy of companies and needs to be revoked”, stated Ferreira, who stressed that the association is not against imports – it only claims fair treatment concerning the national industry.
Image Credits: brazilianfootwear.com
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