Guardia backs off and says government won't raise taxes

Guardia backs off and says government won't raise taxes

Minister had said government would raise revenue to bear fuel tax exemption

Government approves diesel price reductionAntônio Araújo / Trilux / Estadão Content - 25.5.2018Finance Minister Eduardo Guardia said on Tuesday that "at no time" would the government work with tax increases to offset the reduction in diesel taxes, reversing what it had said yesterday when he quoted the as a solution to offset tax losses."The mechanism that the government will adopt will be to reduce tax incentives to offset diesel tax cuts," Guardia told a Senate hearing at the CAE to talk about fuel readjustment policy.Guardia had announced that the government was considering raising taxes to support Cide's exemption and the reduction of PIS / Cofins on the price of diesel.In the morning of Tuesday (29), the president of the House of Representatives, Rodrigo Maia , criticized the possible incr...


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