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Brazil's Guedes says tax reform proposal ready, needs political agreements to move forward

Published 07/03/2020, 05:58 PM
Updated 07/03/2020, 06:00 PM
© Reuters.

BRASILIA (Reuters) - Brazil's economy minister, Paulo Guedes, said on Friday that the tax reform proposed by President Jair Bolsonaro's government is ready and now requires political agreements to move forward.

"It is absolutely ready to be dispatched, and now we have to make the political arrangements to see how we are going to move forward," Guedes said in a webcast organized by the Brazilian Association of Infrastructure and Basic Industries (Abdib).

He reiterated the government aims to reduce corporate taxes over time and start taxing dividends, which are currently exempted.

 

Latest comments

What a joke. I am from Brazil. A lot of people dying every day. No jobs. Businesses closing. High criminality. Most of my friends has no money to pay even for food.
well, everybody knows that our country has one of the worsts tax systems of the world and when someone try to make things better, there is people complaining!!!
We really need tax reform....
Totally agree! Dont let the virus stop progress in our tax system’s laws
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