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LatinNews Daily - 06 July 2020
In brief: Brazil’s Guedes sets his sights on tax reform again
* Brazil’s Economy Minister Paulo Guedes has said that a tax reform is “absolutely ready”, and will be sent to congress shortly. A mooted tax reform was a priority for President Jair Bolsonaro’s government this year, but had yet to be submitted to congress at the time that the coronavirus (Covid-19) pandemic hit the country in March, paralysing plans for economic and fiscal reform. Speaking to CNN Brasil, Guedes appeared confident that a tax reform will be approved in 2020. Precise details of the reform are yet to be revealed, although Guedes explained that it would be a “substitution” of current levies, with the aim of expanding the tax base rather than increasing the tax burden. He also spoke of taxing dividends and reducing payroll taxes.
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