RIO DE JANEIRO, BRAZIL - Claiming to be more optimistic than he should regarding the schedule he is presenting, Chamber President Rodrigo Maia said on Monday, February 10th that the tax reform proposal will be passed sometime in the first five months of the year.
According to him, the discussion of the bill - proposed by Deputy Baleia Rossi (MDB) - is progressing, waiting for input from the federal government on income tax and the adoption of a Value Added Tax (VAT). Pointing to taxation as the most significant of reforms, he rejected the possibility of resurrecting the former CPMF (Provisional Contribution on . . .
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