July 3, 2020 / 10:03 PM / a month ago

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

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.

Reporting by Marcela Ayres; Writing by Gabriela Mello; Editing by Chris Reese

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