Some people say that paying tax looks ridiculous under a corrupted environment where no justice can be found.
Other people say, “The law is harsh, but it is the law.”
Mr. Ianmori encouraged the latter attitude to Japanese entrepreneurs in Brazil.
They had been struggling their business growth there and asked advice to Mr. Inamori. Why he suggested respecting laws is as follows.
1 Honest people get rewarded over the long term
2 Those who take something from the state for free end up being taken
3 Overcoming difficulty leads you to business success.
1 Honest people get rewarded over the long term
Mr. Inamori made a speech for entrepreneurs who developed their businesses in Brazil. He encouraged them to pay tax rather than cheating government and saving tax. They protested Mr. Inamori as Inamori does’t know anything about Brazil. They continued “In Brazil, corruptions and frauds happen quite often. It does’t make any sense to pay tax there.” However, Mr. Inamori said no matter what environment they are, people must respect the laws and regulations. He said people should conduct the right practice.
There is a good example. Henry, a Japanese entrepreneur, who made a great success in his business in Brazil, shared his experience.
Henry followed Inamori’s words and started paying tax in Brazil. Henry built up a trust among local authorities as well as financial institutions.
He could arrange a corporate finance at a cheap interest rate.
Henry did not have any difficulty in renewing his business licenses. This example shows honest people get rewarded over the long term.
Reasons 2 and 3 will be explained in the next Blog
Further queries or doubts, please email to ytomizuka@abrilsjp.com
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- giver, Philosophy, taker, tax
