Brazil's Lula to send 'sin tax' bill to Congress this week

The Brazilian government will send a bill to Congress this week introducing a 'sin tax' on cigarettes, alcohol, vehicles, and gambling, aiming to raise R$ 41.9 billion in 2027. The proposal is part of the broader tax reform agenda, but its passage is uncertain given congressional dynamics. This signals a fiscal policy shift that could affect consumption and inflation, though the immediate market impact is limited.

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