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Finance Minister in Brazil Says Tax Increase May Happen

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Despite statements earlier this week by some of interim president Michel Temer’s closest aides that the government would not increases taxes in 2017, Brazil’s Finance Minister, Henrique Meirelles told a Chamber of Deputies Commission on Wednesday that the decision is not final.

“Temporary taxes may be necessary,” Meirelles told Chamber representatives during his speech to the special commission on the new fiscal Regime. “We can not discard it (increase) in the future,” added the official.

On Tuesday, Temer’s Chief of Staff, Eliseu Padilha, told reporters that the . . .

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