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Brazil's tax reform is confused, senior officials dismissed

2019-09-12T04:37:28.886Z


[Brazilia 11th Reuters]-Marcos Sintra, Deputy Secretary for Federal Revenue, who has played a central role in Brazil's tax reform, was dismissed on the 11th. A government official told Reuters. Ministers' opinions on the tax reform bill


[Brazilia 11th Reuters]-Marcos Sintra, Deputy Secretary for Federal Revenue, who has played a central role in Brazil's tax reform, was dismissed on the 11th. A government official told Reuters. Opinions within the cabinet regarding the tax reform bill were highlighted.

The Ministry of Economy, in a statement, acknowledged Sintra's retirement.

The local media said on February 10 that a senior member of the team led by Mr. Sintra introduced a financial transaction provisional contribution (CPMF) that was introduced in 1993 and abolished in 2007 to 0.2-0.4% of financial transactions He reported that he has formulated a tax introduction plan.

Later, President Borzonaro announced in a post on Twitter that Mr. Sintra was dismissed because of a “disagreement” over tax reform bills, especially the reinstatement of CPMF.

Borsonaro is Twitter and denies the resurgence of CPMF and increased tax burden. It can be seen that there is a difference in attitude from the Gezis Minister of Economy who strongly supports the introduction of financial transaction taxes.

The Ministry of Economy stated in a statement that it is working on tax reform to "simplify standards, reduce costs and reduce tax burdens on households and businesses", and the proposal will be published after the approval of the Minister of Finance and the President Added.

Source: asahi

All news articles on 2019-09-12

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