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Brazil’s Guedes says govt will reduce payroll taxes

Brazil's Guedes says govt will reduce payroll taxes
© Reuters. FILE PHOTO: Brazil’s Economy Minister Paulo Guedes speaks during the launching ceremony of the new securitization framework and strengthening of guarantees for Agro business in Brasilia, Brazil, March 15, 2022.REUTERS/Adriano Machado

BRASILIA (Reuters) – Brazil’s Economy Minister Paulo Guedes said on Monday the government will reduce payroll taxes, without giving details or deadlines for a move he has defended since taking office in 2019.

Speaking at an event hosted by the Brazilian supermarket association, Guedes also said that President Jair Bolsonaro, who seeks reelection in October, will improve social programs and is planning a national reconstruction fund.

Source: Investing.com

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