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(Bloomberg) -- Brazil’s lower house gave preliminary approval to a proposal to overhaul the country’s labyrinthine tax rules, a goal that has eluded lawmakers in South America’s largest nation for decades.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send Cluster Munitions to Ukraine Despite ConcernZuckerberg’s First Tweet

House Speaker Arthur Lira on Wednesday pledged to put the government-supported tax reform proposal to a floor vote on Thursday.

Congressman Aguinaldo Ribeiro on Tuesday presented a report with guidelines for a yet-to-be-drafted tax reform proposal.

BRASILIA (Reuters) - Brazil's consumption tax reform advanced on Tuesday as a working group in Congress outlined a proposal to combine various levies into a value-added tax with separate federal

BRASILIA (Reuters) - Brazil's consumption tax reform advanced on Tuesday as a working group in Congress outlined a proposal to combine various levies into a value-added tax with separate federal and regional rates without increasing the overall tax burden on the economy. | Jun. 06