Brazil's Economy Minister raises empty talk of income tax changes & More News Here

Economy Minister Paulo Guedes defended changes to the nation’s income tax system. Mr. Guedes proposed taxing company dividends (that are presently tax-free), whereas decreasing company income tax charges from 34 to 30 %.

“This is what Brazil needs to receive investments from abroad,” he stated on Monday. The minister argued that the transfer can be vital for the nation to accede to the Organization for Economic Cooperation and Development (OECD).

It is difficult to take the proposal severely. Changing the tax code would require a heavy dose of political negotiations — a objective almost not possible in an electoral yr.

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Brazil’s Economy Minister raises empty talk of income tax changes & More News Today

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