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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.505+15.5%3:59 PM EST
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To: Steve Fancy who wrote (9582)11/10/1998 11:13:00 PM
From: Steve Fancy   of 22640
 
Brazil gov't to focus on pension decrees

Reuters, Tuesday, November 10, 1998 at 18:43

But government officials are still unclear how to proceed
with a bill raising the tax, Arruda said.
As a constitutional amendment, the bill would require two
three-fifths majorities in each house of Congress, a lengthy
procedure which could delay introduction of the new, higher
rate.
An existing version of the CPMF is due to run out in
January 1999.
william.schomberg@reuters.com))

Copyright 1998, Reuters News Service
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