Caixa 2 Explained

Caixa 2 (Portuguese: caixa dois pronounced as /pt/, "cash box 2") is a term used in Brazil to refer to illegal bookkeeping practices that hide financial transactions from authorities.^{[1] [2]}

Tax evasion

Caixa dois methods include failing to issue invoices, or invoicing for a lower amount than the transaction that actually occurred. By declaring less revenue to a tax authority, less tax is due. The difference between the income actually received and the amount on which tax is paid, is termed "cashbox two".

Hiding illegal or unpopular transactions

Caixa dois practices may also be used by larger businesses or public entities to disguise the source of or the use of funds.^[3] For example, a slush fund may be used to hide payments for illegal services such as bribes to win contracts or access to privileged information to which the payee is not entitled.

Legal aspects

In Brazil caixa dois crimes that involve money laundering^{[1] [4]} or organized crime^[1] are liable to trial at the Supreme Federal Court, the country's highest court of law.

Saco azul

In Portugal Portuguese: saco azul|label=none^[5] is a term used to refer to the same concept as caixa dois.

See also

• Operation Car Wash

External links

• Legislação brasileira traduzida para o Inglês official English translations of the Constitution, and dozens of other Brazilian laws

Notes and References

1. Web site: pt . da Escóssia . Fernanda . Crimes associated with caixa 2 and why you pay the bill . Os crimes associados ao caixa 2 e por que quem paga a conta é você . 2017-04-14 . . https://archive.today/20170423002255/http://www.bbc.com/portuguese/brasil-39598829 . 2017-04-23 . November 26, 2019 . live .
2. Web site: pt . Cashbox 2 . Pacievitch . Thais . Caixa 2 . 2019-04-02 . November 26, 2019 . InfoEscola.
3. News: Os crimes associados ao caixa 2 e por que quem paga a conta é você . pt-BR . BBC News Brasil . 2023-06-12.
4. Web site: pt . Crimes against the financial system . Crimes contra o sistema financeiro . Procuradoria da República no Ceará . Ministerio Publico Federal . dead . Procuradoria da República no Estado do Ceará . https://web.archive.org/web/20181019121801/http://www.prce.mpf.mp.br/conteudo/nucleos/criminal/crimes/inicial/crimes-contra-sistema-financeiro . 2018-10-19 . November 26, 2019.
5. Web site: pt . Blue bag . Saco azul (I) . Rocha . Maria Regina . 24 January 2003 . Ciberdúvidas da Língua Portuguesa . November 26, 2019.