BTG's Esteves says Brazil needs reforms more than tax cuts

SAO PAULO Tue May 7, 2013 4:08pm EDT

SAO PAULO May 7 (Reuters) - The Brazilian government should pursue reforms aimed at making the country a more attractive place to do business, instead of simply cutting taxes, said the chief executive officer of investment bank BTG Pactual Group on Tuesday.

BTG Chief Executive Andre Esteves was addressing a gathering of executives and government officials in Sao Paulo sponsored by Brazilian magazine Carta Capital.