Tax on Financial Transactions is an Option for Brazil, Says Economy Minister

Guedes explained that, as compensation for this new tax, there would be a reduction in payroll taxation to stimulate formal employment.

RIO DE JANEIRO, BRAZIL - Brazil's Minister of Economy Paulo Guedes said on Wednesday, August 21st, that he would soon forward to the National Congress a bill for tax reform.

According to him, it proposes the creation of a tax on financial transactions, similar to the Provisional Contribution on Financial Transactions (CPMF . . .

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