“It is important to note that there is, in fact, no evasion of the (income) tax, since, no matter how concentrated the bearer shares are in the hands of the wealthiest classes, the incidence being indiscriminately at source, imposes, in many cases, a generic taxation that, in addition to burdening this part of the shares, with a possible, but legal, disadvantage for the tax authorities, also taxes the remaining, disseminated ones, whose bearers, many times, would not even be taxpayers, individually”.
“Very special circumstances may lead to tax evasion by some due bulk sms colombia to bearer shares. In such cases, however, the harm does not arise from the type of title, but from the circumstances whose details the tax authorities are already aware of, and the only thing left to do is to prevent them. Once the causes are removed, their effects will cease, without any inconvenience to the general public.”
“The situation in the United States and England, where there are no bearer shares, will not serve as a paradigm, since the financial conditions of these two countries – as capital exporters – are diametrically opposed to those of Brazil, which, unfortunately, cannot yet do without foreign currency for its effective implementation in order to develop its industrial park. And bearer securities are not the most appropriate or advisable form for this purpose.”
Tax evasion
Still on the fiscal aspect, regarding the alleged tax evasion attributed to bearer shares, the deputy ALBERTO DEODATO spoke out in his opinion, in the Economics Committee of the Federal Chamber, against an identical project no. 42/51), authored by the distinguished and lamented jurist senator LÚCIO BITTENCOURT, offered in the last legislature:
Regarding the alleged evasion of inheritance
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