Brazil Senate names Braga as CBS rate reporter; CAE to invite Durigan

Brazil's Senate Economic Affairs Committee (CAE) will begin debating the new Contribution on Goods and Services (CBS) rate on November 11, with Senator Eduardo Braga appointed as reporter. The Federal Court of Accounts (TCU) calculated a reference rate of 11.3468%, which will be a key input in the legislative process. The outcome will determine the effective tax burden of Brazil's tax reform, with implications for fiscal policy and economic activity.

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