Renan Santos: It's bizarre.
Renan Santos: There's more, let's put it this way: if you need to buy special machinery, you're not incentivized to bring that machinery, you'll be taxed just to bring a machine that will increase your productivity.
All the microeconomic legislation, both related to how you'll be able to pay your taxes and how you'll be able to collect, you'll have to spend a ton on an accountant, a ton on a lawyer because of the legal cost that involves all economic activity.
Renan Santos: And at the end of the day you'll still have a closed financial system, in which it's hard to work credit, hard to obtain credit.
Renan Santos: Therefore, it's crazy to try to do a cutting-edge economic activity in a country like Brazil.