TAXATION AND ENTREPRENEURSHIP: THE IMPACTS OF ICMS ON THE BRAZILIAN AUTOMOBILE INDUSTRY

Abstract

The main objective of this article is to discuss Taxation and Entrepreneurship in Brazil, especially in the context of the country's automobile industries. As developed in the research, the ICMS (Tax on the Circulation of Goods and Services) is one of the main taxes in the Brazilian tax system, and is levied on both states and municipalities. In this sense, its study is extremely necessary for entrepreneurship in Brazil, since one of the first aspects to be analyzed is the tax burden. The text argues that the complexity and onerousness of the tax system, combined with excessive bureaucracy, represent significant challenges for the automotive industries, negatively impacting economic development and job creation. To this end, Brazilian legislation, together with the responsible bodies, must establish measures that ensure that both the entrepreneur and the end consumer benefit, so that there is favorable growth and development in the sector.