Brazil extends tax breaks to construction industry to spur growth

Wednesday, December 5th 2012 - 18:45 UTC

Full article 1 comment

The Brazilian government extended tax breaks to the country's construction industry in a new effort to encourage investment and boost flagging growth which is putting pressure on the government to further include other stimuli measures. Read full article

Comments

Disclaimer & comment rules

GeoffWard2
The idea is that the tax-breaks will lose income for the government, but they will stimulate much more economic activity and home-ownership - such that the broad-based tax-take gained will be much more than the narrow-based tax foregone.

I have found, from personal experience, that the outcome for the home-owner is that it becomes virtually impossible to get a jobbing building crew for private work; they are all off on 'high' wages on the big construction sites.

But it is marvelous seeing the skyline change almost on a daily basis,
.... so different from the UK where the skyline seems 'set in amber'.
Dec 06th, 2012 - 03:40 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!