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“We Will Look For Alternatives”, Guedes Says After Financial Transaction Tax Vetoed

RIO DE JANEIRO, BRAZIL - Since President Bolsonaro discarded a tax along the lines of the extinct CPMF (Provisional Contribution on Financial Transactions), the economic team is assessing alternatives to offset exemptions on payroll taxes.

The Minister of Economy, Paulo Guedes, said on Wednesday, September 18th, that he will seek alternatives after the government ruled out the introduction of a tax on financial transactions as part of the tax reform.

Last Wednesday, September 11th . . .

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