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BRASÍLIA – Members of the economic team led by Minister Paulo Guedes have again debated, in recent days, the proposal to reduce taxes on wages and compensate for the drop in tax revenues by creating a tax on financial transactions. The plan to institute the tax, similar to the late CPMF, has already been the subject of disagreement within the government. President Jair Bolsonaro has opposed the idea several times.
The assessment of Guedes’ interlocutors is that it will be necessary to reduce the cost of labor to encourage hiring after the pandemic. However, the resumption of negotiations should only proceed after emergency measures to combat the disease are addressed.
Coronavirus:Only 1% of the available credit was hired to finance salaries
The most emphatic defense of the tax model was one of the reasons that led to the dismissal of the former Secretary of Federal Revenue, Marcos Cintra, in September. At that time, Bolsonaro wrote on his social networks that the idea was crossed out of the government’s proposed tax reform.
Click HERE and discover how the government articulates the creation of this tribute behind the scenes