Brazil’s lower house of Congress approved a major reform of the nation’s notoriously complicated tax system early Friday, showing compromise is possible between the conservative Congress and leftist President Luiz Inácio Lula da Silva.
The long-awaited tax reform aims to simplify the system, widely considered overly burdensome for both individuals and businesses, and boost economic growth that has drifted between downturns and doldrums for the last decade.
