Brazil’s Temer says to begin work soon on simplifying tax code

Presidente Michel Temer durante cerimônia no Palácio do Planalto em Brasília
Presidente Michel Temer durante cerimônia no Palácio do Planalto em Brasília 13/07/2017 REUTERS/Adriano Machado

July 17, 2017

SAO PAULO (Reuters) – Brazil’s President Michel Temer said on Monday that he soon plans to start work on simplifying the country’s tax code, following the government’s successful passage last week of a landmark labor reform.

In a video posted to his Twitter account, Temer cited job creation and a recovery in investment as signs that Latin America’s largest economy is leaving recession behind.

(Reporting by Tatiana Bautzer, editing by G Crosse)