Brazil tax revenue drops 6.55% in June, another symptom of slowing economy

Wednesday, July 25th 2012 - 07:53 UTC

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Brazil's federal tax revenues dropped more than expected in June from the same period a year before, as a stubborn economic slowdown hurts corporate profits and prompts the government to grant tax breaks to some industries. Read full article

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ChrisR
Well, I said messing with Mr. Market was going to end in tears and here is where it starts.

Anybody with half a brain could have predicted this.

Wait until the real problems come to light with 'forward buying' in the auto market. That's when you will see plant shutdowns in spades.
Jul 25th, 2012 - 05:18 pm - Link - Report abuse 0
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