A key figure in Brazil's plans to reform the country's complex tax sys...
BRASILIA - A key figure in Brazil’s plans to reform the country’s complex tax system was fired on Wednesday, government sources told Reuters, reflecting disagreements in cabinet about the form legislation should take.
Local media reported on Tuesday that a senior member of Cintra’s team had outlined a financial transactions tax at a rate of 0.2%-0.4% modeled on the unpopular “CPMF” tax introduced in 1993 and abolished in 2007. “The president is not a fan of that tax,” said Vice President Hamilton Mourao, adding that Bolsonaro was angered that discussions over the levy had already started appearing on social media even though he had not signed off on it.
One source told Reuters that Guedes decided Cintra should be dismissed because he spoke about the issue publicly even though he had not fully drafted his proposals, and he never appeared in front of lawmakers to answer questions.
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