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  • Brazil's income tax reform could be adjusted to include the legalization of gambling, yielding as much as 50 billion reais ($9.5 billion) a year for public coffers, according to the bill's rapporteur in the senate. (Bloomberg)
    • The idea is controversial as it would probably displease President Jair Bolsonaro's evangelical base in the run-up to 2022 elections, but Senator Angelo Coronel says it is an effective way to raise funds to make up for bolder cuts in corporate taxes.