Paim defends micro and small businesses.

The Senate Agency Senator Paulo Paim (PT-RS) defended the approval of the bill that ends the application of tax substitution to the micro and small business sector (PLC 60/2014).

Through tax substitution, a taxpayer, in this case a company, collects in advance the Tax on the Circulation of Goods and Services (ICMS) levied on the entire commercialization chain of a product, based on a presumed sales value. In practice, all those involved pay the tax due, but the collection is done by only one of the taxpayers.

According to Paulo Paim, this system harms micro and small businesses because, in practice, it eliminates the benefits they receive for being part of the Simples Nacional, the simplified tax system.

"It is a sector of the economy that is crying out for justice, and therefore we understand that the approval of the bill will be a step forward in our legislation, guaranteeing a new era for micro and small businesses, with more production, investment, jobs, income and development," said the senator.

Paulo Paim also celebrated the approval of two external loans, totaling US$330 million for Rio Grande do Sul, which took place this Tuesday in the Economic Affairs Committee and will now go to a plenary vote.

The loans, Paim said, will finance the program to consolidate fiscal balance for the development of Rio Grande do Sul and the opportunity and rights program, which has already guaranteed 2 places in free pre-university courses for low-income young people who study or have studied in public schools.