Power

Is Brazil finally having a tax reform?

tax reform brazil

For the past few weeks, the Brazilian government and Congress have held a tug of war, with each side looking for displays of strength to knock their counterparts off balance. Yesterday, it was the lower house’s time to show its force. In the House’s Constitution and Justice Committee, lawmakers approved a tax reform bill before the government has even had the chance to draft a proposal of its own.

After the pension reform dragged on for weeks in the very same committee, fast-tracking the tax reform—which is the number 2 priority of the government’s economic agenda—is...

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