BRASILIA (Reuters) - Brazil's Economy Minister Paulo Guedes said he will propose selling all the country's state-owned companies because they are "dysfunctional" and should be privatized to improve the government's finances.
Speaking on Thursday at a conference in Fortaleza, Guedes said reform of the Brazilian tax system was unavoidable and he favored a value-added tax that states could opt in to or not. He also said there would be no "surprises" regarding changes in income tax.