Brazil Carmakers May Lose Some Planned Tax Breaks, Estado Says

Brazil’s government may withdraw planned tax breaks for some carmakers over non-compliance with directives on energy efficiency and use of locally made parts, O Estado de S.Paulo newspaper reported, citing a federal government official it didn’t identify.

The tax cuts were part of the government’s industrial policy known as “Brasil Maior,” or Greater Brazil, the Sao Paulo-based newspaper said.

To contact the reporters on this story: Matthew Bristow in Brasilia at mbristow5@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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