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Brazil government sends tax reform proposal to Congress

Brazil government sends tax reform proposal to Congress

Brazil's government delivered a tax reform bill to Congress on Thursday that it said would consolidate a wide range of taxes and reduce the country's tax burden.
"We want to lower taxes in Brazil," said Finance Minister Guido Mantega said. "We are going to pay fewer taxes and pay lower taxes."
House Speaker Arlindo Chinaglia said Congress would make a concentrated effort to approve the bill. Tax reform efforts have been pending for more than a decade, partly because of disagreements between state and federal governments.
The proposal must be approved in two house committees and in two rounds of floor votes before being submitted to the country's senate.


Updated : 2021-06-23 16:19 GMT+08:00