Brazil courts give Guedes 10 days to explain election-year tax cut

FILE PHOTO: Brazil's Economy Minister Paulo Guedes speaks during the launching ceremony of the new securitization framework and strengthening of guarantees for Agro business in Brasilia, Brazil, March 15, 2022.REUTERS/Adriano Machado

BRASILIA (Reuters) - Investigators from Brazil's electoral courts have given the Economy Ministry 10 days to explain a huge tax cut on industrial goods such as televisions and refrigerators over concerns about its legality and impact on the October election.

In a letter dated April 28 to Economy Minister Paulo Guedes and seen by Reuters, Deputy Electoral Attorney General Paulo Gustavo Branco gave the ministry the deadline to respond to concerns raised by federal lawmaker Marcelo Ramos.