(Bloomberg) -- In a parking lot above the Parana
River, 4,500 seized vehicles testify to the risks Brazilians take
to avoid their country's tax burden, the heaviest in Latin
America.
The trucks and cars baking in the tropical sun were
confiscated while crossing the border from Paraguay on the nearby
Friendship Bridge. Drivers on the span get ample warning of the
penalties for smuggling, yet Paraguay's low taxes induce
thousands to try. Brazil's custom officials will give most of the
forfeited vehicles to schools, hospitals and towns.
Read more at Bloomberg Emerging Markets News
River, 4,500 seized vehicles testify to the risks Brazilians take
to avoid their country's tax burden, the heaviest in Latin
America.
The trucks and cars baking in the tropical sun were
confiscated while crossing the border from Paraguay on the nearby
Friendship Bridge. Drivers on the span get ample warning of the
penalties for smuggling, yet Paraguay's low taxes induce
thousands to try. Brazil's custom officials will give most of the
forfeited vehicles to schools, hospitals and towns.
Read more at Bloomberg Emerging Markets News
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