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.
Renan Santos: 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.
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.
Renan Santos: But it shouldn't be.