Bernard Appy said that Tax Reform will be conducted in two phases, Minister Alexandre Silveira said that the privatization effort has left Brazil at a disadvantage, and President Lula travels to the US today

BRAZIL POLITICS - Report 09 Feb 2023 by Murillo de Aragão and Cristiano Noronha

The Extraordinary Secretary for Tax Reform of the Ministry of Finance, Bernard Appy, said that the reform will be conducted in two phases: the discussion of consumption taxation and later, the taxation of income and payrolls. According to Appy, to maintain the current collection, the rates of the new value-added tax (VAT) would have to be 9% for the Federal Government, 14% for states, and 2% for municipalities. The Minister of Mines and Energy, Alexandre Silveira, echoed President Lula's stance and said that the terms of the privatization process of Eletrobras had left the Brazilian state at a disadvantage. Today, President Lula travels to the United States. He should arrive around 6 pm, Brasilia time. He meets with President Joe Biden tomorrow.

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