Really, do we need technology more than we need food? Why should these companies be given a tax break, while other industries have to pay their way?
On the surface, a tax break like this sounds like a great idea, but in reality it's only helping out the wealthy - specifically those who have invested in these tech companies. I've never been to Brazil, but I'm sure that Brazil has a sizeable number of poor people (just like every country in the world) - why not try to help these people out.
"But these companies will provide jobs" you say. Well, so does every industry in the country. From reading the article, it seems like the large tech companies involved in getting this decision made are holding a gun to Brazil's head - "Give us tax breaks, or we'll go elsewhere." This is precisely what's wrong with pro-sports today, and I hate to see the same thing happen with the rest of the economy, where the "star players" can demand the sun, moon and stars, only to get it, because there's always someone out there willing to give it to them
Ok, so I don't know how I worked pro sports into this equation, but it is a strikingly similar situation. If no countries were willing to make special concessions to these bullying big-business types, they'd be forced to live with the local taxation levels, the same as everyone else.
I'm not blaming Brazil for making this move, because it is a move aimed at helping the economy, but just like watching the New York Yankees purchase world series after world series, I'm kind of getting tired of it.