Brazil's Lula to continue tax reform but replace income tax bill if elected, says aide


FILE PHOTO: Former Brazilian President Luiz Inacio Lula da Silva gestures during an interview with Reuters in Sao Paulo, Brazil December 17, 2021. Picture taken December 17, 2021. REUTERS/Amanda Perobelli/File Photo

BRASILIA (Reuters) - Brazil's former President Luiz Inacio Lula da Silva, if elected in October, will back a tax reform bill currently in the Senate that would unify federal taxes on consumption into one valued-added tax, a close aide told Reuters on Thursday.

He would also replace another bill changing income taxes that has already been approved by the lower house, said former minister Aloizio Mercadante, coordinator of Lula's Workers Party (PT) campaign program and a member of Lula's inner circle.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
   

Next In World

Russia attacks energy infrastructure in Ukraine's Mykolaiv region, governor says
South Korea boycotts Japan memorial event at mine in blow for ties
Shazam rides high, reaching 100 billion song recognitions
Namibia to vote in toughest election yet for ruling party
South Korean opposition leader cleared of forcing witness to commit perjury
South Korea's Yoon, Malaysia's Anwar agree to cooperate in defence, minerals
DHL cargo plane crashes into house near Lithuania airport, killing one; 3 hurt
Russia says it downs seven Ukrainian missiles over Kursk region
Philippines' Marcos vows to fight back after estranged VP's assassination threat
Analysis-Contentious COP29 deal shows climate cooperation fraying at edges

Others Also Read