RIO DE JANEIRO/SAO PAULO (Reuters) – Brazil’s President Jair Bolsonaro has ruled out a so-called “sin tax” on beer, cigarettes and sugary food products, an idea floated earlier in the week by Economy Minister Paulo Guedes at the World Economic Forum in Davos, Switzerland.
“Paulo Guedes, sorry, you are my minister, I’m with you 99%, but there won’t be any tax increases on beer, no,” Bolsonaro said in an interview with journalists on Friday after landing in New Delhi, India, on an official trip.
Tax - Burden - Brazil - Everyone - Day
“It can’t be done, we can’t increase the tax burden in Brazil. Everyone consumes sugar every day, it can’t...
Wake Up To Breaking News!
Faith cometh by hearing, and hearing by the Word of God.