> One of them stressed that the main cost for such ventures is not electricity - which in Brazil is largely sourced from renewable energy, with more than 80% coming from hydro, solar, and wind power - but rather hardware depreciation, a significant burden due to the country's complex and costly tax system.<p>Allow me to simplify it: here in Brazil you buy one computer for you and another for the government. Yes, it's pretty much a 100% tax on technology imports. It's taxes on top of taxes, compounding to ridiculous sums that sometimes even exceed the value of the item.<p>Tax exemptions are a pretty big deal. Especially import taxes. Unfortunately, he'll have to make up for lost revenue by taxing the rest of us even more. I'm sure that'll make Taxadd even more popular than he already is.