BRASILIA (Reuters) – Brazil’s lower house approved on Wednesday the main text of a government bill that seeks to increase public revenue by eliminating tax advantages currently benefiting wealthier Brazilians who invest in offshore and closed-end funds.
The measure, which is part of Finance Minister Fernando Haddad’s plan to erase the primary budget deficit next year, now needs Senate approval.
(Reporting by Maria Carolina Marcello; Writing by Marcela Ayres; Editing by Sandra Maler)
