Brazil extends tax breaks on car and furniture industries to boost economy

Tuesday, July 1st 2014 - 07:41 UTC

Full article 5 comments

Brazil will extend a tax break for the car and furniture industries until the end of the year to help boost sales depressed by a slowing economy, the government said on Monday. This measure should also help boost President Dilma Rousseff's bid for re-election next October. Read full article

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Anglotino
This is tinkering.

Reform Brazil, reform!

Only that will lead to growth and employment.
Jul 01st, 2014 - 08:18 am - Link - Report abuse 0
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Tik Tok
Glug glug glug
The sound of the Brazilian economy sinking
Jul 01st, 2014 - 12:14 pm - Link - Report abuse 0
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reality check
Is this photograph the Argentine export model?

The one fitted with the Geiger Counter.
Jul 01st, 2014 - 02:29 pm - Link - Report abuse 0
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ChrisR
If The Liar Mantega has had a hand in it, there will be tears before bedtime: it's always the case.

Meddling with Mr. Market didn't work last time (as I predicted) and it won't work this time because they are further in the hole.
Jul 01st, 2014 - 05:50 pm - Link - Report abuse 0
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Jack Bauer
“”Brazil's public finances have deteriorated rapidly under Rousseff after she gave tax breaks to dozens of industries in an attempt to restart the country's stagnant economy.“”........
If Dilma and the PT infested Federal Government hadn't been so incompetent right from the start, they would have seen the writing on the wall.....“stop overspending...and curb corruption”.....
Mantega compains they will forfeit 800 million reais in lost tax revenue....but it' peanuts compared to the billions of reais wasted on bad projects, corruption, the World Cup etc....To them, the tax relief is a problem, because it means there's less money to steal..
Jul 01st, 2014 - 07:18 pm - Link - Report abuse 0
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