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Brazil: Lula government’s tax rule brings insecurity

By Artur Piva

On Tuesday 23rd, the House of Representatives approved the new fiscal rule proposed by the Lula administration.

The project aims to promote stability to finance the PT administration's spending.

However, the text brings more insecurity to the market and worries entrepreneurs, warns Hugo Garbe, chief economist of G11 Finance and professor of economics and finance at Mackenzie Presbyterian University.

According to the economist, the approved regulation does . . .

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