HomeBRAZILGOVERNMENT ACCUMULATES DEFEATS AND AN IMPORTANT VICTORY IN CONGRESS

GOVERNMENT ACCUMULATES DEFEATS AND AN IMPORTANT VICTORY IN CONGRESS

On Friday (15/12), the plenary of the Federal Chamber approved a proposal that changes the rules for benefits granted through the Tax on Circulation of Goods and Services (ICMS). This fact represents a victory for Lula’s (PT) government, which is in a hurry to approve the initiative in the final stretch of the legislative year. This was an important victory for the government’s economic sector and comes in the midst of two major political defeats, the overturning of the vetoes on the time frame and the payroll tax exemption.

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