Tag: CIDE Brazilean fuel tax

• Tuesday, January 20th 2015 - 05:48 UTC

  Party is over in Brazil: increase in fuel, tax on consumer loans and imports

  

  Brazil on Monday announced tax increases on fuel, imports and consumer loans aimed at raising 20.6 billion Reais (7.7bn dollars) in additional revenues this year. The plan is part of an effort to help balance budget accounts and revive investor confidence, Finance Minister Joaquim Levy said at a news conference.