In my mind, it looked good: no employees, no payroll taxes and very little overhead.
Last year's VAT increase may have disheartened consumers But it allowed a cut in payroll taxes.
Yes, France has to close some hospitals, or the deepening health-care deficit will push up payroll taxes.
And it is why American proposals to finance an extension of unemployment insurance with payroll taxes are misguided.
To make the shift, he called for taxing carbon and offsetting that by reducing payroll taxes: Let's "tax what we burn, not what we earn," he said.
But it is proposing a cut in payroll taxes at the bottom, plus a new working tax credit, both of which should boost jobs.
Cutting payroll taxes for four chosen industries, he added, was just the start of a necessary updating of Brazil's labyrinthine tax system.
High payroll taxes in many Latin American countries penalise workers in the formal economy, and rigid and over-generous Labour laws discourage the creation of formal jobs.
Doesn't that prove that people's payroll taxes were saved to pay for future benefits, disconnecting them from our larger budget problems?
