Brazil raises taxes on beer and sodas; primary surplus slightly down in March

Thursday, May 1st 2014 - 07:33 UTC

Full article 6 comments

The Brazilian government will raise taxes on beers, sodas and other beverages in a move that will raise an extra 1.5 billion Reais (674 million dollars) in revenue to help meet the fiscal savings goal. Earlier this month, the government had already announced a tax hike on beer to bolster fiscal accounts that have been hit hard over the last three years by rising subsidies, higher spending and an economic slowdown. Read full article

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DennisA
”an extra 1.5 billion Reais (674 million dollars) in revenue to help meet the fiscal savings goal.“

How is extra tax a ”fiscal saving”?
May 01st, 2014 - 08:20 am - Link - Report abuse 0
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BOTINHO
It isn't. It's thought of as an offset.

Sodastream sales will now skyrocket.
May 01st, 2014 - 12:24 pm - Link - Report abuse 0
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Jack Bauer
It is notorious that the Brazilian Government invests a VERY low percentage of its GDP on infrastructure, and that Government expenditure just keeps on climbing. Doesn't take a genius to figure out why the government has to raise taxes, or where the money from them is going.
May 01st, 2014 - 06:41 pm - Link - Report abuse 0
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ljordao
@3:

Yes, Dilma and her party are completely clueless. Their knowledge of economics is primitive at best. What do leftists do after they develop their countries? They save the game and log out.
May 02nd, 2014 - 03:50 pm - Link - Report abuse 0
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Teaboy2
Beer tax increase, just in time for the world cup - Think about it!
May 02nd, 2014 - 11:17 pm - Link - Report abuse 0
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Jack Bauer
The beer tax is going to be the least of it.....hotels and restaurants are tripling / doubling their prices respectively......pretty pathetic really, typical 3rd world...
May 05th, 2014 - 11:00 pm - Link - Report abuse 0
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