Tag: Brazil taxes on beer and sodas

• Friday, August 1st 2014 - 14:40 UTC

  World Cup helped a higher than expected surge in beer sales in Brazil

  

  The maker of Budweiser, Stella Artois and Corona beers experienced a sharp surge in sales in Brazil during the World Cup with the month-long contest leading to consumption of an extra 140 million liters or 2 million barrels.

• Thursday, May 1st 2014 - 07:33 UTC

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

  

  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.