Tributação sobre dividendos no Brasil e os impactos sobre o pequeno investidor

Abstract

The taxation of assets on the Brazilian Stock Exchange is still very poorly understood and often leads to hasty conclusions. In the several times that the subject is approached, the arguments always repeat much of what is already known and do not say about the various implications that this taxation can have, whether for good or for bad. We believe that much of this occurs because the average Brazilian still knows very little about the financial market and specifically the stock exchange is an illustrious unknown and often reviled by the press as if it were responsible for the successive Brazilian crises. In fact, financial education is still a luxury item for many Brazilians and this prevents or delays the entry of these investors on the stock exchange. We made bibliographic and exploratory analysis of available data on the Brazilian stock exchange and international stock exchanges and we will bring to readers the most common assets traded on the Brazilian stock exchange, their trading methods and how we can build long-term wealth. Using statistical data, we will verify that the number of investors who enjoy this form of wealth is still very small and that, due to fear, ignorance, lack of resources or all these associated factors, they avoid B3 as an investment strategy. The main objective of this work is to provide subsidies so that those readers who wish to take advantage of this wealth production mechanism can use it with a reliable level of information. All this work is aimed at the small investor, that is, those who, during a life of hard work, planned their retirement using the stock exchange. We will look at the effects of compound interest and the power of accumulation over a lifetime. After these considerations, we will address the taxes that are applied on the Brazilian stock exchange and those that may still be implemented, such as the taxation of dividends paid by companies. We will discuss taxation by different countries, the rates used and the legislative proposals aimed at taxation in Brazil. Because dividend taxation is always a topic that generates heated debates, we collect arguments from both sides so that the reader can form their opinion and decide based on rational and statistical arguments. After this long journey, we suggest some alternative and complementary proposals to the taxation of dividends based on everything that has been discussed so far in the work. We immediately warn readers that our chapters, despite being articulated among themselves, can be read in any order, as they contain in our humble vision an intelligible internal logic that allows this dynamic of reading. Those readers who already invest in the stock exchange will have the opportunity to review concepts and those who do not know will have the chance to enter this world, also in our humble vision, of plenty of opportunities. We strive to provide a pleasant reading in order to reach the most varied groups. The stock exchange is a democratic negotiating space for the generation of wealth and income and which must become more popular every day, so that those who wish to enjoy its benefits. I wish you all pleasure and learning in this reading and that it be the spark for your financial independence. Keywords: Taxation of Dividends. Stock Exchange. Real Estate Funds.