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Lower house of parliament approves ‘historic’ tax reforms

Brazil’s lower house of Congress on Friday (July 7) approved the main text of a tax reform that will restructure the country’s complex consumption taxes. President Luiz Inacio Lula sa Silva touted the seal of approval as a “great victory”. This reform was previously attempted by various administrations without success. The reform is a key step in Lula’s plans of boosting growth.

Source: wionews.com

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