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Tax Reform Will Be Moderated: Minister Guedes

BRAZIL

Further comments, broadly in line with headlines yesterday surrounding the extension of emergency aid:

  • Brazil's economic growth seen at 4%-5% in 2021
  • Brazil likely to extend emergency aid for 2-3 months
  • Brazil fighting covid-19 without disarray in economy
  • Brazil unwilling to raise taxes for services sector
  • Brazil's services, industry may have different VAT tax (All BBG)

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