Relação da carga tributária com indicadores macroeconômicos: análise em empresas do setor de energia elétrica entre 2008 e 2018

Abstract

This study aimed to analyze the relationship between the tax burden on the profits of companies in the Electricity sector listed on B3 Brasil Bolsa Balcão S.A, with the macroeconomic indicators: Inflation, Gross Domestic Product (GDP) and Selic Interest Rate. Currently, the analysis of the tax system and the macroeconomic scenario is a determining factor for the development of organizations, with this information, managers can make assertive decisions and companies remain strategically in the market. To obtain the results, 13 companies in the Electricity sector listed on B3 Brasil Bolsa Balcão SA located in the South and Southeast of the country were analyzed. For the data of the macroeconomic indicators, annual values were collected in the proposed period and the relationship with the average was verified. tax burden on corporate profits. In relation to inflation, it can be seen that until 2015, as the tax burden increased or decreased, inflation followed, after 2015 an imbalance can be observed in relation to the two variables. Regarding the interest rate, it was found that the two variables were related until 2015 when there was the highest record of the interest rate, whereas in relation to GDP, the same occurred until 2015 when there was a drop in GDP and the tax burden remained.