ETCO supports Parliamentary Front for Exemption from Medicines


Source: Portal Fator Brasil

The institute's executive president, Roberto Abdenur, was at the launch event on April 17 (Thursday).

Attentive to taxation and piracy issues in the medication sector, the Brazilian Institute of Competitive Ethics (ETCO), through its executive president, Roberto Abdenur, participated on April 17 (Wednesday), in Brasília, in the launch of the Parliamentary Front for Exemption from Medicines. The event marks the beginning of the work of the front, which aims to discuss the reduction of taxes on medicines in the National Congress, an initiative of federal deputy Walter Ihoshi (PSD-SP).

The tax burden on medicines in Brazil is one of the highest on the planet. They are 33,9% of the final price, while the world average is 6,3%. This means that, for every R $ 10 paid in the purchase of medicines, R $ 3,39 refers to taxes.

For Abdenur, the creation of the Parliamentary Front for Exemption from Medicines meets the old claim of the sector. ? We understand that the high tax burden on medicines in Brazil is a complex issue, which will have an important forum for discussion and proposing solutions at the front.?

Profile - The Brazilian Institute of Ethics in Competition, ETCO, is a civil society organization of public interest (OSCIP) founded in 2003 with the objective of identifying, discussing, proposing and supporting actions, practices and projects that result in concrete improvement of the work environment. business in Brazil. To this end, it acts to influence decision makers to adopt measures aimed at reducing tax evasion, illegal trade and informality, in addition to actions to simplify the tax system and combat corruption and other misconduct. The institute seeks to maintain a strong presence in the Brazilian business and political circles in order to create mechanisms and tools that strengthen competitive ethics. There are three action strategies: to foster studies on the factors that encourage these deviations in conduct; propose and support initiatives, actions or changes in legal texts and administrative practices; and to develop and support actions to raise public awareness about the harmful social and economic effects and the dangers of these illegalities and social leniency with these deviations from ethical behavior.