Now that the pension reform hurdle has been nearly cleared, the focus has switched to the tax system, TS Lombard analyst Wilson Ferrarezi wrote in a note to clients on July 24.
"In an effort to take advantage of the pro-reform momentum in Brasilia, politicians are showing a growing willingness to attack the thorny issue of tax reform," TS Lombard analysts wrote in the 10 page report published last week.
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