Brazil's Temer eyes minor tax reform as pension overhaul stalls


  • World
  • Wednesday, 19 Jul 2017

Brazil's President Michel Temer gestures during a ceremony at the Planalto Palace in Brasilia, Brazil July 13, 2017. REUTERS/Adriano Machado

BRASILIA (Reuters) - With corruption charges delaying his unpopular proposal for the overhaul of Brazil's costly pension system, President Michel Temer is trying to quickly push through a mini tax reform, a presidential aide told Reuters on Tuesday.

The simplification of the PIS/Cofins federal social security contributions levied on gross receipts would face easier passage in Congress and allow Temer to show his wavering allies that his administration is still advancing on its promised reform agenda.

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