A PEC on the fuels issue was submitted to Congress yesterday, the governors are trying to postpone the discussion on tax reform, and public servants are expected to mobilize in favor of a salary raise again next week

BRAZIL POLITICS - Report 04 Feb 2022 by Murillo de Aragão and Cristiano Noronha

Deputy Christino Áureo (PP-RJ) submitted a Constitutional Amendment Proposal (PEC) that allows the government to reduce or even zero taxes on all fuels, cooking gas and taxes such as the IPI in 2022 and 2023 – without needing to compensate for the drop in revenue with an increase in other taxes. The estimated fiscal cost of the proposal is R$ 54 billion per year. The governors say they want to address the ICMS issue within the scope of Tax Reform. It's a way of postponing the discussion. After all, there is no room for broad tax reform in an election year. A new mobilization of Central Bank servants in favor of a salary raise is planned for next Wednesday. The Bank’s employees have also promised to go on strike on March 9.

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