Efeito dos incentivos fiscais no patrimônio das entidades beneficiárias do programa FDI, do governo do estado do Ceará

Abstract

Worldwide scenario changes in the last decades strongly affected the development of the countries, contributing to the increase of unbalanced regional differences. In Brazil, a large territorial dimension country, the status is not different: the regional disparities are also huge. The federal government, in an attempt to rectify such inequalities and to promote a balanced economic development among the regions, has implemented some policies, such as the concession of tax incentives. In addition to federal incentives, the states also use their own industrial polices to promote their development. In Ceará State, for instance, the policy of incentives was consolidated by the law of Industrial Development Fund – FDI. This paper aims at analyzing the effect of tax incentives on the assets of the beneficiary entities, focusing on programs subsidized by FDI, through the analysis of the financial statements provided by Grendene S.A. In addition to the bibliographical and documentary research, a research applied to the company´s financial statements was carried out. The study showed the relevance of tax incentives to the net income of such company, influencing the performance of its financial and economic indicators.