Brazil's Economy Minister Paulo Guedes said on Wednesday he had reached agr...
BRASILIA - Brazil’s Economy Minister Paulo Guedes said on Wednesday he had reached agreement with Congressional leaders on modernizing the country’s complex tax system next year and one option could be taxing on-line transactions.
Speaking to reporters on GloboNews channel, Guedes said foreign financial capital outflows are not a concern and quite normal now that Brazilian interest rates are less attractive. Guedes said Brazil’s Congress was backing his reform program and overhaul of the burdensome tax system will advance next with agreement to merge two bills already being debated by lawmakers with the government’s proposals.
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